The chairman will step down from the board in 2023

Hiscox chairman Robert Childs has decided to retire after nearly 40 years with the company, according to a statement released today (8 March 2023).

Childs joined the specialist insurer in 1986 and took up roles including active underwriter and chief underwriting officer.

He has served as chairman since 2013.

Childs informed the board of his decision to retire and will step down later in 2023.

“It has been a privilege to lead the board and be part of Hiscox’s journey over the past 37 years,” he said.

”Hiscox has a strong management team and is well positioned to grow and deliver for customers around the world.

“When the time comes, I will leave knowing that Hiscox is in great shape with huge opportunities ahead of it.”

Search for successor

Hiscox said the nominations committee is now searching for a successor for Childs – the process is being led by senior independent director Colin Keogh.

“During his tenure, Rob has made an invaluable contribution to the success of the group,” Keogh said.

“On behalf of the board, I would like to sincerely thank him for his wise counsel and leadership.”

Chief executive Aki Hussain added that Childs had been “instrumental” in Hiscox’s growth.

He said: “He has navigated the business expertly through many insurance cycles.

“His extensive knowledge of both Hiscox and the industry has benefitted the company immeasurably.”

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