The new CEO is no stranger to Hiscox. He joined the firm in 1996 and created Hiscox’s first direct online business in the UK, which was initially for home insurance and then for commercial clients. In 2009, he relocated from London to New York to oversee the launch and development of Hiscox’s US digital small business operation, which now serves over 460,000 small business customers.
“Hiscox USA has come a long way over the last 10 years and I’m proud to have played my part in that success,” said Kerridge. “As CEO, I’m now immensely excited to lead the business during its next phase of growth and for us to realise the opportunities ahead as we see them.
“The last year has been a challenging time for small businesses, but I want to ensure that Hiscox continues to be a dynamic and collaborative partner for our customers and distribution channels as we help them to adapt and respond to changing markets and emerging opportunities.”
In his new role, Kerridge will report to Ben Walter, CEO of Hiscox Global Retail. Walter commented: “Kevin is an inspirational leader with an impressive track record of building successful businesses for Hiscox. His limitless drive and inspirational leadership will be a vital asset as we strive to make good on our ambition to become the number one small business insurer in the US.”
Walter also expressed his thanks to outgoing CEO Langan: “Steve has run Hiscox USA for the last three years with a steady hand and clear voice, positioning the business well for market success and profitable growth. I would like to thank Steve for his exceptional leadership and his success in building our differentiated brand across the globe.”
Source: Insurance Business Magazine
