Hiscox group CRO exits after decade; poaches AIG/AXA veteran

Specialist global insurer  Hiscox has appointed an experienced AIG veteran who held key leadership positions in the UK and US for 12 years as its new group chief risk officer.

Fabrice Brossart (pictured) will join Hiscox as group CRO, subject to regulatory approvals, replacing Hanna Kam who has decided to step down after 10 years with the group.

Based in London, Brossart will report to Hiscox’s Group CEO Aki Hussain, and join the Group Executive Committee. He will be responsible for Hiscox’s risk function; partnering with the business to enable growth while ensuring the group’s adherence to its Risk Management Framework.

Brossart has spent the last 12 years at AIG holding positions in both the UK and USA, latterly as CRO international general insurance where he has overseen AIG’s risk management function in 80+ territories outside the USA. Prior to AIG, he spent 10 years at AXA Insurance UK, rising to chief actuary.

Hussain said: “Fabrice is an extremely experienced CRO, having led critical projects through Solvency II, Brexit and the development of a group capital model. His experience and technical capability combined with a passion for diversity, equity and inclusion makes Fabrice a great asset in helping deliver our ambition.

“I’d like to take this opportunity to thank Hanna Kam for her leadership in building our Risk and Compliance function over the years during what has been a particularly busy period of regulatory change. She has been a valuable member of both the GEC and the Hiscox Partnership, and we will miss her challenge and steadfast dedication when she leaves in July.”

Brossart commented: “I am very excited to be joining Hiscox; a brand I have admired for some time. I look forward to being part of the team, driving talent, growth and delivering for our customers.”

Did you get value from this story?  Sign up to our free daily newsletters and get stories like this sent straight to your inbox.