Hyperion adds Stephen as non-exec director

Hyperion Insurance Group is adding PwC veteran Mark Stephen (pictured) to its board where he will also serve as the chair of the firm’s audit committee. Stephen will join Hyperion’s board as a non-executive director on May 17 where he will provide the business with the knowledge and experience he has built up during his more-than 30 year career of advising and working with insurance boards. During his career, he has provided advice on how insurers can adapt to the changing regulatory and business landscape. That career saw Stephen serve PwC as a partner, a company he served for more than 15 years. During his time with the Big Four accountancy firm, he held the title of UK insurance industry leader. He is currently a director for TransRe London Ltd and a non-executive director of the Pension Insurance Corporation. “I am extremely proud that Mark has decided to join us,” said David Howden, Hyperion’s chief executive. “This is an important time in Hyperion’s growth story and Mark’s depth and breadth of experience make him well positioned to help us achieve our strategic goals. Hyperion’s international retail brokerage, underwriting agency footprint and world-class specialty expertise combine to give us a strong competitive advantage that enables us to attract the best talent while delivering exceptional service to our clients,” Howden added. Stephen said it is an exciting time to join Hyperion’s board with the business currently embarking on its ambitious and exciting plans. Hyperion is buys expanding its operations around the world. The group, which boasts subsidiaries such as Dual, Howden, RKH Specialty and RKH Reinsurance Brokers, last year saw Caisse de dépôt et placement du Québec (CDPQ) take a $400m minority stake. As Hyperion explained at the time, the $400m investment provides the company with new growth equity and provide existing shareholders with liquidity.

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