Hiscox appoints CRO
The international insurer Hiscox has appointed Penny Shaw as chief risk officer.
Shaw will join the company from ACE to succeed Bob Thanker in early August. At ACE she was the European group head of risk management and capital and Solvency II. Shaw established and led ACE's European Solvency II programme, delivering on strategic objectives to embed risk assessment and enhanced risk based decision-making.
Hiscox has made two other high-level appointments. Thaker has become head of UK Claims, and Joanne Musselle chief underwriting officer for Hiscox UK and Ireland.
Thaker succeeds Joanne Musselle, following her promotion to chief underwriting officer for Hiscox UK. He joined Hiscox two years ago as head of central analysis, a team integral to the development of all the Hiscox business divisions through insight and analysis.
Bronek Masojada, CEO, said: “Penny has a wealth of experience in driving improvements in risk management, we are very excited to have her on board.”