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Hiscox Ltd. said Thursday that Joanne Musselle will become the new group chief underwriting officer at the end of the year following Richard Watson’s retirement, which was announced in June.
Ms. Musselle, based in London and now chief underwriting officer for Hiscox Retail, will also join the Hiscox Ltd. board as an executive director in February 2020, subject to regulatory consent, the insurer said in its Thursday statement.
She joined the insurer’s U.K. business in 2002 as technical underwriting manager for professions and specialty commercial lines and assumed the newly created position of chief underwriting officer for Hiscox Retail in 2018, responsible for all retail underwriting across the Hiscox Group, including Hiscox U.K., Hiscox Europe, Hiscox USA, Hiscox Special Risks and Hiscox Asia, the statement said.
“Joanne’s deep understanding of our business and experience of managing underwriting portfolios in our key markets will be critical for our next stage of growth,” Bronek Masojada, Hiscox Group CEO, said in the statement.
Bronek Masojada joined Hiscox Ltd. in 1993 as group managing director and became CEO in 2000. He served as a deputy chairman of Lloyd’s of London from 2001 to 2007 and was chairman of the Lloyd’s Tercentenary Research Foundation from 2008 to 2014. Mr. Masojada recently spoke to Business Insurance Reporter Matthew Lerner about the market, mergers, technology and other topics. Edited excerpts follow.