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Hiscox Ltd expands board with two new directors

Published 27/01/2025, 10:22
Hiscox Ltd expands board with two new directors
HSX
-1.86%

HAMILTON, Bermuda - Hiscox (LON:HSX) Ltd, the Bermuda-based insurance provider, announced today the addition of Lynne Biggar and June Yee Felix as Independent (LON:IOG) Non-Executive Directors to its Board. These appointments are effective immediately, pending regulatory approval.

Lynne Biggar brings over a quarter-century of experience in enhancing global brands and driving customer results in various sectors, including technology and financial services. Her career includes senior roles at Visa (NYSE:V), Time Inc., and American Express (NYSE:AXP). She is also currently serving as a Senior Advisor at Boston Consulting Group.

June Yee Felix has a 30-year track record in growing and transforming technology-intensive businesses, especially within the financial services sector. Her global experience spans Asia, the USA, and Europe, with leadership positions at Chase Bank, Citibank, IBM (NYSE:IBM), and Verifone. She was most recently the Group CEO of IG Group Plc, a FTSE-listed global fintech company.

These strategic appointments come as part of Hiscox's Board succession planning. Lynn Pike and Anne MacDonald, who have served on the Hiscox Ltd Board for nine years, will not seek re-election at the 2025 Annual General Meeting and will step down thereafter.

Interim Chair Colin Keogh expressed confidence in the new appointees, stating that Biggar and Felix's deep expertise would strongly complement the Board's existing strengths. Keogh also extended gratitude to Pike and MacDonald for their significant contributions during their tenure, highlighting Pike's role in chairing the Risk Committee and MacDonald's establishment of an effective employee engagement network.

The company has confirmed that there are no further details that need to be disclosed regarding the new appointments under UK Listing Rule 6.4.8. This announcement is based on a press release statement from Hiscox Ltd.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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