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Hiscox Ltd., the international specialist insurer, announced the appointment of St茅phane Flaquet, who currently serves as CEO of Hiscox Europe, as its chief transformation officer for the group.

In this newly created role, Flaquet will be responsible for overseeing the delivery of the group’s multi-year, cross-geography transformation programs, working with business u

nits as well as functions such as claims and IT to simplify and streamline the existing operating model and realize the efficiencies of the company’s growing scale.

Flaquet will be responsible for establishing group-wide change governance, driving more effective use of data and enhancing operational effectiveness. He will become a member of the Hiscox Operating Committee and will report to Group CEO Bronek Masojada.

Flaquet has been with Hiscox since 2010, originally serving as chief operating officer for Europe, based in Paris. In 2012 he relocated to London as chief information officer, a role he held until 2016 when he became CEO of Hiscox Europe. Under his leadership, Europe has delivered four years of profitable growth, improved operational efficiency, and technology transformation.

Prior to joining Hiscox, Flaquet worked across a number of sectors within financial services for companies such as Paribas, CapitalOne and AIG, in France, the United Arab Emirates and Spain.

“There are opportunities ahead in all our business areas and our multi-year investment in technology means we are well placed to grasp them,” said Masojada. “In his new role, St茅phane will help drive the ongoing evolution of our business model to ensure we are fit for the future.”

In light of St茅phane’s move, Robert Dietrich, managing director of Hiscox Germany, will become acting CEO of Hiscox Europe, with immediate effect.

Source: Hiscox