Hiscox, a global specialty insurer and reinsurer, has announced that Liz Breeze, the CFO of its reinsurance and insurance-linked securities (ILS) unit, will serve as the Group’s interim CFO.
Breeze’s nomination is still pending regulatory confirmation, and she will start in her new post while the company looks for a permanent CFO.
She joined the firm in 2012 and has held a variety of senior finance positions within the Group, including Group Technical Accountant, Head of Finance for Hiscox UK, and most recently, CFO for Hiscox Re & ILS.
Liz Breeze has led substantial improvements in financial processes and capital efficiency at Hiscox Re & ILS as part of the leadership team.
Breeze will work closely with Aki Hussain, Group CFO and Chief Executive Officer (CEO) designate, as interim Group CFO, and will assume Group CFO duties on January 1, 2022.
Breeze will join the Group Executive Committee and be stationed in London.
“Having spent experience in both our big-ticket and retail businesses, Liz has a comprehensive understanding of our industry,” Hussain said.
“She’s also played a key role in our efforts to implement structural financial change as part of our multi-year finance transformation program.” Liz will be a great addition to our executive team, and I’m looking forward to working with her again.”
“I am thrilled to take on this new challenge,” Breeze said. “I am looking forward to bringing my financial expertise and business knowledge to this role as we look to realize the abundance of opportunities that lie ahead of us.”