Hiscox names new chief risk officer
Specialist insurer Hiscox has appointed Penny Shaw as its chief risk officer.
She will join Hiscox from ACE and will take over from Bob Thaker, who will become the head of UK claims at the end of July.
Shaw was the European group head of risk management, capital and Solvency II at ACE. She established and led ACE's European Solvency II programme, and delivered on strategic objectives to embed risk assessment and enhanced risk-based decision-making.
Bronek Masojada, the CEO of Hiscox, said: “Shaw has a wealth of experience in driving improvements in risk management, we are very excited to have her on board.”
