Hiscox
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Over the last 12 months, three of the four London-listed companies have drastically underperformed their US-listed and Continental European peers.
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Southgate worked at the likes of Canopius, Swiss Re, Aon and Sturge Syndicate during his career.
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The carrier has been rebuilding its D&O team after a number of staff left to launch new books of business.
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The former MS Amlin head of reinsurance takes up the CUO role next week.
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In his new role, Paul Cooper will join the Hiscox board, subject to regulatory approval.
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The Hiscox London Market CEO said better digital access to EC3 would go a long way to securing the market’s relevance on the global stage.
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The carrier has been rebuilding its team after losing key underwriting staff earlier in 2021.
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The outgoing Hiscox CEO picked climate risk, D&I, systemic risks and digital trends as the key drivers of change.
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Current chair Caroline Foulger will retire as a non-executive director following the 2022 annual general meeting.
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In his new role, Colin Buchanan will manage a team of 14 underwriters writing cyber, D&O and general liability.
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Hiscox has appointed Liz Breeze as interim group CFO while the company searches for a permanent hire for the role, following the promotion of Aki Hussain to CEO designate.
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MS Amlin’s head of reinsurance Matthew Wilken is to leave the business for a role at Hiscox Re & ILS in Bermuda, this publication understands.
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