Professional insurance company Hiscox has appointed Phil Withhey as the chief technology officer (CTO) of the London market, effective from June this year.

Withey’s mission is to define the technical strategies of the London market, supervise the operation and transformation of trading systems, and invest in data, digitalization and artificial intelligence.

Withey will report to Hiscox Group Cio Chris Loake and Hiscox London Marketing CEO Kate Markham and will be in the insurer's London office.

Commenting on the appointment, Markham said: “Phil’s experience and expertise will be key to achieving our ambitions and support colleagues across the business as we want to make it easier for brokers and clients to trade with Hiscox.”

Withey joined Hiscox after a decade at the London Stock Exchange (LSEG) where he held several senior technical roles, including FTSE Russell, the head of construction for sharing technology, and data and analytics.

Later, he led the architectural capabilities of the LSEG and Microsoft partnership and was responsible for coordinating and executing transformation procedures in partnership with Microsoft.

Prior to his tenure at LSEG, Withey accumulated experience at Barclays Capital and Threadneedle Investments, which provided him with a broad view on technology in the financial services sector.

Withey said: “I am very excited to be joining Hiscox at such an exciting time and to play my part in achieving its ambitious plans. Hiscox London Market leads with innovations such as the AI-Enhanced Lead underwriting model it generates, so I really look forward to having built on a strong foundation as we continue to explore the development of technology and services as well as services and services development.

In March 2025, Hiscox UK moved to a new cloud-native building provided by Sapiens, leveraging Kubernetes to improve operational productivity and service delivery.

“Hiscox Hires New CTOs for the London Market” was originally created and released by GlobalData-owned brand International.

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