Specialist global insurer Hiscox has announced that Paul Spelman (pictured) has been appointed as its SVP of underwriting management.
Chief underwriting officer of Hiscox USA, Steve Prymas, spoke on Spelman’s appointment.
“We are thrilled to welcome him into our team at Hiscox USA, as we continue to build best-in-class products that support the unique businesses that we serve,” said Prymas.
“Paul has a proven track record of driving profitable growth, enhancing customer satisfaction, building high-performing teams and rolling up his sleeves for on-the-ground work,” he added.
Spelman began his career in Prudential Capital Group as a senior analyst in 2001. He then became an associate at Boston Capital before becoming a director at STAG Capital Partners. Afterwards, he spent more than four years in Bain & Company as case team leader.
Prior to joining Hiscox, Spelman spent 11 years at Liberty Mutual Insurance in various roles such as director of state operations, senior director of state operations, vice president - small commercial state management, vice president - small commercial underwriting, and executive underwriting officer - global risk solutions.
He received his bachelor’s degree in finance at Boston College and his MBA in strategic management from the Wharton School of the University of Pennsylvania.
In his new role, Spelman will lead the underwriting strategy for Hiscox USA’s business owners policy (BOP), general liability (GL), cyber/tech, entertainment, and crime products. He will report to Prymas and will be based out of Massachusetts.
Hiscox USA is a provider of specialty risk solutions that includes errors & omissions, general liability, cyber and data security, media liability, management liability, crime, entertainment, and terrorism insurance.
It recently completed the first part of its share buyback initiative#, which was conducted in partnership with investment bank Peel Hunt.
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