Specialist insurer and reinsurer Hiscox has announced the appointment of Paul Cooper as its new Group Chief Financial Officer (CFO), subject to regulatory approval.
Currently, Cooper serves as Interim CFO at M&G Plc, a FTSE 100 asset manager and life insurance company. In this role, he is responsible for the planning, implementation, and management of all finance activities.
He brings more than 25 years of financial services experience to the firm, also serving as CFO for The Prudential Assurance Company.
Earlier in his career, Cooper held numerous senior roles in financial services including at Canopius where he was Group CFO, before becoming CEO of the Managing Agency in 2017.
From 2006-2011, Cooper served as Finance Director for Hiscox UK and Europe. He was also an insurance partner at Ernst & Young LLP from 2011-2013 and trained as a chartered accountant at PwC.
“The depth and breadth of Paul’s insurance knowledge makes him a great addition to the executive team. His broad commercial acumen as well as his audit, regulatory and capital markets experience will help us capture the many opportunities ahead. I am very pleased Paul is joining Hiscox and look forward to welcoming him back,” said Aki Hussain, Hiscox Group Chief Executive Officer (CEO) designate.
Cooper added: “I am delighted to be returning to Hiscox. The Group has a fantastic heritage and an exciting future. Market conditions are excellent and there is significant opportunity for profitable growth in all of the Group’s major markets. I look forward to building on this in the months and years ahead.”
Cooper’s start date will be confirmed by the company in due course, and at that time he will join the Hiscox Ltd Board. He currently serves on the Board of the ABI and as a non-executive director of Aspen Insurance UK Ltd and Aspen Managing Agency Limited.
