Dye confesses he has ‘admired Hiscox for many years’ and is looking forward to being part of the insurer’s ‘next chapter’

Global insurer Hiscox has appointed former Allianz UK leader Jon Dye as the new chief executive for its UK business, effective from September 2022 and subject to regulatory approval.

Most recently, Dye acted as chief executive of Allianz UK for the past eight years – he confirmed last May that he would be exiting the business in November 2021, leaving Allianz in the hands of his replacement, former Aviva chief executive of general insurance Colm Holmes.

Dye has also served as the chair of trade body the ABI between 2019 and 2021 – he was replaced by Baroness Nicky Morgan in November 2021.

In his new role, however, Dye will take responsibility for leading Hiscox’s retail business in the UK, looking to continue to build the insurer’s profitable growth by utilising long-term broker relationships.

He will also have oversight of the business’ brand, digital distribution and algorithmic underwriting.

Under Dye’s leadership, Hiscox UK plans to add new capabilities to its existing strengths to drive greater scale.

Recognised industry leader

Speaking on the appointment, Aki Hussain, Hiscox’s group chief executive, said: “Jon is a recognised industry leader with solid chief executive experience and a fantastic track record of building sustainable, profitable businesses.

“I very much look forward to working with him as part of our group executive team as we look to realise the vast opportunities ahead.

“I would also like to thank Stéphane Flaquet, our chief transformation officer, for caretaking the role so diligently in the interim.”

Dye added: “I’m really looking forward to bringing my energy and expertise to Hiscox UK – which at its core is a great business with a well established brand.

“I have admired Hiscox for many years and now I have the opportunity to contribute to its next chapter, which is personally incredibly exciting.”