Masojada: Hiscox can afford "sizeable" UK retail investment
Hiscox chief executive Bronek Masojada states insurer is capable of investment.
Hiscox has announced a £45m investment in its UK retail business.
The provider announced in its 2013 full year results that it would spend £45m replacing its entire UK retail infrastructure over the next four to five years.
Bronek Masojada, Hiscox chief executive, told Insurance Age: “We are replacing our core IT system so that it will give us a more holistic view of our clients, which allows us to give a better service.”
He said the impact of the investment would be spread over a ten-year
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