Bermuda, 11th June 2024: Hiscox, the international specialist insurer, today announces the appointment of Mary Boyd as Chief Executive Officer of its USA business unit. Mary joins Hiscox on 24th June and replaces existing USA CEO Kevin Kerridge, who is stepping down after almost 30 years in the business.
Mary Boyd, a US national, joins Hiscox from Plymouth Rock Assurance, a leading home and auto insurance provider in the northeast of the USA, where she has been CEO of its independent agency business since 2018. She began her career in actuarial roles before moving into leadership positions at The Hartford Insurance Company; ACE; Explorer Insurance; and Chubb.
Aki Hussain, Group CEO, commented: “Mary’s knowledge and expertise in the insurance industry are exceptional, and I am delighted to be welcoming her to the Hiscox business. Her wealth of experience building and leading insurance businesses in the USA, and her deep understanding of the US customer market, will be instrumental in scaling our US business as we seize the opportunity ahead.”
Mary Boyd added: “I am thrilled to join Hiscox and lead this talented team to its next series of successes. Aki has communicated a clear strategic vision to serve the insurance needs of small business owners across the U.S., reinforced by a consistent commitment to our partners and continued investment in technology capabilities. I am energized by the opportunity to work alongside our team to drive innovation and profitable growth in this market.”
Outgoing CEO Kevin Kerridge will operate in an advisory capacity over the coming months before leaving to explore opportunities outside Hiscox at the end of September.
Hussain adds: “Kevin was key to the start of our digital journey 25 years ago, and has been at the centre of building the Hiscox digital offering into the powerhouse it is today. We are immensely grateful for the deep expertise and drive that Kevin has brought to our business over his time here, and we wish him all the best with his next steps.”
Ends
Media
Eleanor Orebi Gann, Group Director of Communications, London +44 (0)20 7081 4815
Simone Selzer, Brunswick +44 (0)20 7404 5959
Tom Burns, Brunswick +44 (0)20 7404 5959
Investors and analysts
Yana O'Sullivan, Director of Investor Relations, London +44 (0)20 3321 5598
Marc Wetherhill, Group Company Secretary, Bermuda +1 441 278 8300
Notes to editors
About Mary Boyd
Mary Boyd is a seasoned senior executive with over 30 years of applying her diverse set of skills to leading businesses through transformative phases in their history that span invention, renovation, integration and rebuilding. Mary’s career reflects a strong track record of translating strategic vision into reality, evident as she leads organizations tackling operations, technology and team transformation. She brings innovation and an agility of approach that explain her successes in both seeing the forest and navigating the trees by spotting the strategic opportunities in the space between them.
As the President and Chief Executive Officer of Plymouth Rock Assurance Corporation, Mary has financial responsibility for their over $1.2 Billion Independent Agency Auto, Pilgrim services, and Umbrella liability business. Readying her growing business for sustained success, Mary is currently guiding her team through a multi-discipline digital evolution of their business that connects product, customer and agency partner experiences across the customer life-cycle. Since 2006, Mary has held President and division leadership roles; reliably improving net income in each case by maximizing channel economics and product innovation, applying her commitment to best-in-class partnership management, and advancing operational excellence.
She joined Plymouth Rock in 2018, from The Hartford, where she held the position of Senior Vice President with responsibility for both their Agency and Direct channels personal insurance businesses. Prior to that, Mary invested 15 years of her career in high net worth personal lines, beginning her tenure at Chubb as an actuarial trainee and expanding to roles of increasing responsibility; most recently as President of their Private Risk Services division.
Mary received her bachelor’s degrees in Applied Mathematics and Economics from Rutgers University. As a coach, her reach has included youth sports, ambitious professionals, and entrepreneurs alike, Mary loves developing talent, improving technique, and unleashing the power of strong teams; individually and together.
About The Hiscox Group
Hiscox is a global specialist insurer, headquartered in Bermuda and listed on the London Stock Exchange (LSE:HSX). Our ambition is to be a respected specialist insurer with a diverse portfolio by product and geography. We believe that building balance between catastrophe-exposed business and less volatile local specialty business gives us opportunities for profitable growth throughout the insurance cycle. The Hiscox Group employs over 3,000 people in 14 countries, and has customers worldwide. Through the retail businesses in the USA, UK, Europe and Asia, we offer a range of specialist insurance products in commercial and personal lines. Internationally-traded, bigger-ticket business and reinsurance is underwritten through Hiscox London Market and Hiscox Re & ILS. Our values define our business, with a focus on people, courage, ownership and integrity. We pride ourselves on being true to our word and our award-winning claims service is testament to that.
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