Hiscox Names Group Chief Operating Officer, CUO in US
Hiscox appointed Stéphane Flaquet as the group's chief operating officer, effective Sept. 1 and subject to regulatory approvals.
In his new role, Flaquet will oversee a number of critical central functions, including group claims, group information technology, property services, procurement and group marketing to ensure the continued effective and efficient delivery of core services. He will be a member of the group executive committee and report to Aki Hussain, chief executive officer, Hiscox Group, according to a company statement.
Flaquet has been with Hiscox since 2010 and has held a number of senior roles across the group. He initially joined Hiscox as COO for Hiscox Europe before moving on to become group IT Director in 2012 and then CEO for Hiscox Europe between 2016 and 2021. He is currently group chief transformation officer and interim CEO for Hiscox U.K.
In other company news, Hiscox named Steve Prymas as chief underwriting officer in the United States. He will be based in White Plains, New York.
Prymas has more than 25 years of specialty insurance experience. He joins Hiscox from Embroker, where he helped to grow the insurtech's business as chief insurance officer. Prymas also has held senior leadership roles at Gen Re and The Hartford, according to a company statement.
Hiscox USA provides a variety of specialty risk solutions, including a broad spectrum of errors & omissions, general liability, cyber and data security, media liability, management liability, crime, and terrorism insurance products.