Hiscox USA has appointed Paul Sanghera as its new chief financial officer, aiming to strengthen its specialty insurance platform. With over 25 years in the specialty and commercial insurance sectors, Sanghera joins from Liberty Mutual, where he held significant finance roles, including executive vice president and comptroller.
Sanghera will report to both Hiscox Group CFO Paul Cooper and Hiscox USA CEO Mary Boyd. Cooper emphasized the importance of finance in shaping the company’s strategic ambitions, while Boyd highlighted that Sanghera’s technical expertise and operational leadership would enhance Hiscox’s capacity for sustainable growth, innovation, and customer service.
Sanghera’s background in surety finance—which blends credit analysis, obligee relationships, and reinsurance structuring—equips him with skills particularly vital for Hiscox, which operates in various complex insurance lines including cyber, management liability, and terrorism. This hire is significant for brokers as Hiscox USA is in a growth phase, which could lead to improved financial infrastructure and underwriting capabilities. Brokers who previously faced challenges in securing specialty lines may want to reevaluate the market with this new leadership in place.
