M&G chief financial officer returns to Hiscox for new lead role

Hiscox is ‘welcoming back’ Paul Cooper as group chief financial officer (CFO), having served as finance director at its UK and Europe Arm more than a decade ago.

Cooper is currently interim group CFO at FTSE 100 asset manager and life insurer M&G Plc. He is also CFO for The Prudential Assurance Company.

Cooper was previously CFO then chief executive at Lloyd’s insurer Canopius.

He worked as finance director at Hiscox UK and Europe from 2006 to 2011.

Capturing opportunities

Hiscox Group chief executive designate Aki Hussain said: “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.”

Cooper’s start date will be confirmed in due course, if regulatory approvals are met – at this time, he will join the Hiscox Ltd Board.

Until then, Liz Breeze will act as Hiscox Group CFO from 1 January on an interim basis.

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.”