International specialist insurer has appointed Stéphane Flaquet to the newly created role of chief transformation officer for the Group.
Flaquet currently serves as CEO of Hiscox Europe and in his new role, he will be responsible for overseeing the delivery of the Group’s multi-year, cross-geography transformation programmes, working with business units as well as functions such as claims and IT to streamline the existing operating model.
He will report to Bronek Masojada, group CEO and become a member of the Hiscox Operating Committee.
Flaquet joined Hiscox in 2010 where he held the position of chief operating officer for Europe, based in Paris. Later in 2012, he relocated to London as chief information officer until 2016 when he became CEO of Hiscox Europe.
Prior to that, he worked across various sectors within financial services for companies such as Paribas, CapitalOne and AIG, in France, the United Arab Emirates and Spain.
Additionally, Robert Dietrich, managing director of Hiscox Germany, will become acting CEO of Hiscox Europe, effective immediately.
Masojada said: “There are opportunities ahead in all our business areas and our multi-year investment in technology means we are well placed to grasp them. In his new role, Stéphane will help drive the ongoing evolution of our business model to ensure we are fit for the future. Stéphane brings to the role proven leadership ability, excellent strategic and operational knowledge, as well as a passion for driving digital change and I look forward to working with him in this new capacity.”