Withey joins from London Stock Exchange Group (LSEG), where he spent the past decade in several senior technology leadership roles, including Head of Architecture for FTSE Russell, Shared Technology, and Data and Analytics. Most recently, he led the architecture function for the LSEG and Microsoft partnership, overseeing the formation and delivery of a multi-billion-dollar transformation program. Prior to LSEG, Withey held roles at Barclays Capital and Threadneedle Investments, bringing deep expertise in financial services technology to his new position.
He will officially join Hiscox in June and will be based in London. Withey will report jointly to Hiscox Group CIO Chris Loake and Hiscox London Market CEO Kate Markham, and will be a member of the Hiscox London Market leadership team. His responsibilities will include setting the technology strategy for the London Market division, overseeing the operation and transformation of trading systems, and driving continued investment in data, digital innovation, and AI capabilities.
“We continue to make significant progress in the digital transformation of our business, enhancing our underwriting and claims capabilities and helping us to deliver outstanding service to brokers and clients,” said Kate Markham, CEO of Hiscox London Market. “Phil’s experience and expertise will be key to delivering on our ambitions, supporting our colleagues across the business as we look to make it easier for brokers and clients to trade with Hiscox.”
Commenting on his appointment, Withey said, “I am delighted to be joining Hiscox at such an exciting time and to playing my part in realising its ambitious plans. Hiscox London Market has led the way with innovations such as its generative AI-enhanced lead underwriting model, so I’m really looking forward to building on the strong foundations already in place as we continue to explore how technology can transform the development of our products and the delivery of services.”
The appointment comes as Hiscox London Market continues to invest heavily in technology-driven initiatives, aiming to enhance agility, improve service delivery, and maintain its competitive edge in a rapidly evolving market.
