Hiscox lures Prudential finance chief
Hiscox has lured Hamayou Akbar, the former chief financial officer (CFO) of Prudential UK & Europe, into its ranks.
Akbar will serve as group chief financial officer and s expected to join Hiscoz in the second half of the year once his current contractual commitments are fulfilled.
He currently sits on the board of the Prudential Assurance Company, the main UK insurance operating company.
Prior to Prudential, Akbard has served as finance director for the consumer bank division at Lloyds Banking Group until 2009, and before that he was finance director for the consumer division of ntl (now Virgin Media) until 2006.
Bronek Masojada, group chief executive officer, said: "Aki will be an excellent addition to our executive team, bringing first class financial services experience, strong regulatory exposure, and a fresh perspective. I believe we can learn a great deal from Aki and look forward to welcoming him aboard."
Akbar added: "Hiscox has a strong track record of excellent underwriting, delivering good returns to shareholders, and targeting profitable growth. I'm delighted to be joining Hiscox and look forward to contributing to the realisation of Hiscox's ambitions."
