(Sharecast News) - Insurer Hiscox said on Thursday that it has appointed former Allianz UK boss Jon Dye as its new UK chief executive with effect from September.

Dye, who will be responsible for leading Hiscox's flagship retail business in the UK, has held a number of senior roles within the industry, most recently as CEO of Allianz UK for eight years.

He also served as chair of the ABI between 2019 and 2021, "and as such has driven industry collaboration on issues including the industry's response to the pandemic, FCA fair pricing review and climate change," Hiscox said.

Group chief executive officer Aki Hussain said: "Jon is a recognised industry leader with solid CEO experience and a fantastic track record of building sustainable, profitable businesses. I very much look forward to working with him as part of our group executive team, as we look to realise the vast opportunities ahead."