Prudential's Aki to become Hiscox finance chief

Hiscox revealed its next group chief financial officer on Friday, announcing Hamayou Akbar Hussain - known to many as Aki - will join the insurer later this year.

Hussain is joining the FTSE 250 firm from Prudential, where he spent seven years - most recently as chief financial officer of Prudential UK and Europe. He also sits on the board of the Prudential Assurance Company.

Prior to Prudential, Hussain held a number of senior roles in the financial services, telecoms and media sectors, including finance director for the consumer division of Lloyds Banking Group until 2009, and finance director for the consumer division of NTL - now Virgin Media - before that.

Hiscox’s board confirmed Hussain is a chartered accountant, having trained with KPMG, and is bringing two decades of experience to the company.

It expected Hussain to join Hiscox in the second half of the year once his current contractual commitments are fulfilled. At that time, he will join the Hiscox board.

"Aki will be an excellent addition to our executive team, bringing first class financial services experience, strong regulatory exposure, and a fresh perspective,” said Hiscox group CEO Bronek Masojada.

“I believe we can learn a great deal from Aki and look forward to welcoming him aboard."

Commenting on his appointment, Hussain spoke of Hiscox’s strong track record of underwriting, delivering returns to shareholders, and targeting profitable growth.

“I'm delighted to be joining Hiscox and look forward to contributing to the realisation of Hiscox's ambitions,” he added.