London, UK (8 January 2025): Leading global specialist insurer Hiscox today announces the appointment of Shali Vasudeva as its new Group Chief Operations and Technology Officer* (COTO).
Shali joins Hiscox following five years as Chief Operating Officer of AXA UK & Ireland, where she played a crucial role in driving digital transformation and operational efficiency. Shali has a proven track record of leading large-scale transformation projects and driving technological innovation in the insurance industry, which will be instrumental in realising Hiscox's ambitious growth plans. Shali will be based in London and sit on the Group Executive Committee.
Aki Hussain, Hiscox Group CEO, commented: “Shali is no stranger to Hiscox, having led the change initiative for UK and Europe in the run-up to Brexit rules being implemented. Her wealth of experience and strategic vision will be invaluable as our operational and technological evolution continues.”
Shali Vasudeva adds: “I am delighted to be back at Hiscox. With its strong history of excellence, bold ambition, and unwavering commitment to innovation, I am excited to be part of the team and to build on the strong foundations that Stephane has laid for us.”
Vasudeva’s predecessor in the COTO role, Stephane Flaquet, now departs the organisation. “Stephane has been a strong contributor to Hiscox for many years and has held a number of important senior leadership roles across the Group. We wish him all the best with his next steps,” Hussain adds.
ENDS
*Subject to regulatory approval.
For further information please contact:
Lucy Hensher [email protected] 07824 996 370
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 13 countries and has customers worldwide. Through the retail businesses in the UK, Europe and the USA, 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. For more information, visit www.hiscoxgroup.com.
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