Hiscox Appoints Phil Withey as CTO to Drive Tech Transformation in London's Insurance Market

Hiscox Appoints Phil Withey as CTO to Drive Tech Transformation in London’s Insurance Market

Hiscox, a leading global insurer, has appointed Phil Withey as the new Chief Technology Officer (CTO) for its London Market division. This strategic move is part of Hiscox’s ongoing commitment to enhancing digital transformation and innovation within the insurance sector.

Phil Withey Brings Extensive Experience to Hiscox

With over 20 years of experience in financial services technology, Phil Withey is set to strengthen the leadership team at Hiscox. He previously held senior positions at the London Stock Exchange Group (LSEG), notably as the head of architecture for FTSE Russell and Shared Technology. His most recent role involved leading the architecture for LSEG’s significant transformation partnership with Microsoft.

Focus on Digital Transformation and Innovation

As Hiscox continues to modernize its technology stack, Withey’s expertise will be crucial in driving digital innovation. The company aims to:

  • Enhance client service
  • Improve underwriting capabilities
  • Boost operational efficiency through artificial intelligence

Withey’s Role and Responsibilities at Hiscox

Starting in June, Withey will report to both Group CIO Chris Loake and London Market CEO Kate Markham. Based in London, he will be a key member of the leadership team, overseeing:

  • Tech strategy development
  • Transformation of trading systems
  • The division’s data and AI initiatives

Leadership Insights

Kate Markham expressed confidence in Withey’s appointment, stating, “We continue to make significant progress in the digital transformation of our business, enhancing our underwriting and claims capabilities and helping us to deliver outstanding service to brokers and clients.”

Phil Withey also shared his enthusiasm, saying, “I am delighted to be joining Hiscox at such an exciting time and to play my part in realizing its ambitious plans.” He noted that Hiscox London Market has already pioneered innovations, such as its generative AI-enhanced lead underwriting model, and he looks forward to building on these strong foundations.

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Embracing Future Innovations

Hiscox’s commitment to digital transformation positions the company well within the competitive landscape of the insurance industry. By leveraging Withey’s extensive background in technology and finance, Hiscox aims to create cutting-edge solutions that enhance service delivery and product development.

For more information on Hiscox’s digital initiatives, visit their official website: Hiscox.com.

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