Specialist global insurer Hiscox has announced the appointment of Paul Spelman as Senior Vice President (SVP) of Underwriting Management.
Steve Prymas, Chief Underwriting Officer of Hiscox USA, commented on Spelman’s new role, stating, “Paul has a proven track record of driving profitable growth, enhancing customer satisfaction, building high-performing teams, and actively engaging in on-the-ground work.”
Who is Paul Spelman?
Paul Spelman began his career as a senior analyst at Prudential Capital Group in 2001. He later served as an associate at Boston Capital and as a director at STAG Capital Partners. Spelman also spent over four years at Bain & Company as a case team leader.
Before joining Hiscox, Spelman had an 11-year tenure at Liberty Mutual Insurance, where he held various roles, including Director of State Operations, Senior Director of State Operations, Vice President of Small Commercial State Management, Vice President of Small Commercial Underwriting, and Executive Underwriting Officer of Global Risk Solutions.
Spelman holds a bachelor’s degree in finance from Boston College and an MBA in strategic management from the Wharton School of the University of Pennsylvania.
In his new position at Hiscox, Spelman will oversee the underwriting strategy for Hiscox USA’s Business Owners Policy (BOP), General Liability (GL), Cyber/Tech, Entertainment, and Crime products. He will report to Steve Prymas and will be based in Massachusetts.
Hiscox USA specializes in providing a range of specialty risk solutions, including Errors & Omissions, General Liability, Cyber and Data Security, Media Liability, Management Liability, Crime, Entertainment, and Terrorism Insurance.
Recently, Hiscox completed the first phase of its share buyback initiative, conducted in collaboration with investment bank Peel Hunt.
