Hiscox appoints Dan Kovac as US Chief Risk Officer
Atlanta, GA – July 5, 2023 – Hiscox, the international specialist insurer, has announced the appointment of Dan Kovac as US Chief Risk Officer. Kovac will report to Hanna Kam, Group Chief Risk Officer, serve on the Hiscox USA Leadership Team, and be based out of San Antonio, Texas.
In this newly created role, Kovac will provide strategic risk oversight and management for the US business. Prior to joining Hiscox, Kovac spent over 15 years with USAA, most recently serving as the Chief Risk Officer for the P&C division and previously as the Chief of Staff to the CEO. Kovac has strong expertise in product and underwriting management, and previously provided independent consulting services within the Financial Services industry. Kovac earned his Bachelor of Arts Degree from Valparaiso University.
“We are in the business of risk, and our business is growing every day. Just like the specialized approach we take to managing our customers’ exposures, it’s smart to have a US-based leadership role dedicated to managing our local risk environment in the US,” said Kevin Kerridge, CEO of Hiscox USA. “Dan will bring a collaborative and pragmatic mindset to our risk management ecosystem, and given his background, I know he will also make a broader contribution to building the business far beyond his subject matter expertise."
Hiscox USA provides a variety of specialty risk solutions, including a broad spectrum of errors & omissions, general liability, cyber and data security, media liability, management liability, crime, entertainment, and terrorism insurance products.
About The Hiscox Group
Hiscox is a global specialist insurer, headquartered in Bermuda and listed on the London Stock Exchange (LSE:HSX). Our ambition is to be a respected insurer with a diverse portfolio by product and geography. We believe that building balance between catastrophe-exposed business and less volatile local specialty business gives us opportunities for profitable growth throughout the insurance cycle.
The Hiscox Group employs over 3,000 people in 14 countries, and has customers worldwide. Through the retail businesses in the UK, Europe, Asia and the USA, we offer a range of specialist insurance for professionals and business customers as well as homeowners. Internationally traded, bigger ticket business and reinsurance is underwritten through Hiscox London Market and Hiscox Re & ILS. In the US, Hiscox small business Insurance is underwritten either by Hiscox Insurance Company Inc., a Chicago-based insurance company, or a Hiscox Syndicate at Lloyd’s, London, which is available on a surplus lines basis through licensed surplus lines brokers.
Our values define our business, with a focus on people, courage, ownership and integrity. We pride ourselves on being true to our word and our award-winning claims service is testament to that. For more information, visit www.hiscoxgroup.com.
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