Hiscox hires ex-AIG as chair of audit committee following departure
Specialist global insurer Hiscox has appointed a former AIG leader as independent non-executive director on its board.
Donna DeMaio (pictured) will take over as chair of the company's audit committee from Caroline Foulger next year.
Hiscox's audit committee is currently chaired by Foulger, who will retire as an independent non-executive director at the Annual General Meeting in 2022 following the conclusion of her nine year term with the company.
DeMaio has over 35 years' experience across a broad range of financial services organisations in challenging markets and complex regulatory environments. She has held a number of senior roles in the insurance industry and in banking, having most recently served as global chief operating officer for AIG's general insurance division. Prior to that, she was chair of the board for both United Guaranty Corporation and MetLife Bank.
Robert Childs, Hiscox Group chairman, said: "Donna's wealth of industry experience will be an excellent addition to the Hiscox Ltd Board, and her audit and regulatory expertise makes her the right person to oversee the important work of our Audit Committee in due course.
"We will continue to benefit from Caroline's expertise for another 6 months but I would like to take this opportunity to thank her for the significant contribution she has made during her tenure at Hiscox. We have benefited greatly from her experience and counsel over the years and I wish her every success for the future."
Did you get value from this story? Sign up to our free daily newsletters and get stories like this sent straight to your inbox.
Already registered?
Login to your account
If you don't have a login or your access has expired, you will need to purchase a subscription to gain access to this article, including all our online content.
For more information on individual annual subscriptions for full paid access and corporate subscription options please contact us.
To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.
For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk
Editor's picks
Editor's picks
More articles
Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze