Bermuda-based specialist insurance company Hiscox has appointed Mary Boyd as the new CEO of its US business unit, effective 24 June.
Boyd will take over from Kevin Kerridge, who is leaving after nearly three decades with the company.
Go deeper with GlobalData
Kerridge will remain in an advisory capacity for the coming months before pursuing new opportunities outside of Hiscox at the end of September.
Boyd brings more than 30 years of industry experience to her new role at Hiscox.
Most recently she worked at Plymouth Rock Assurance, where she was CEO of the independent agency business since 2018.
Her career spans actuarial roles and leadership positions at insurance companies including the Hartford Insurance Company, ACE, Explorer Insurance and Chubb.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataHiscox group CEO Aki Hussain said: “Mary’s knowledge and expertise in the insurance industry are exceptional, and I am delighted to be welcoming her to the Hiscox business.
“Her wealth of experience building and leading insurance businesses in the USA, and her deep understanding of the US customer market, will be instrumental in scaling our US business as we seize the opportunity ahead.”
Boyd added: “I am thrilled to join Hiscox and lead this talented team to its next series of successes. Aki has communicated a clear strategic vision to serve the insurance needs of small business owners across the US, reinforced by a consistent commitment to our partners and continued investment in technology capabilities.”
In April this year, Hiscox unit Hiscox Re & ILS collaborated with Ariel Re for a cyber catastrophe consortium called CyberShock.
CyberShock is designed to offer tailored and event-based protection for cyber insurance providers globally.
It addresses the need for coverage in the event of significant cyber incidents including those affecting hardware, software and supply chains.
