Hiscox, the Bermudian-based international specialist insurer, has appointed Mary Boyd as chief executive of its USA business unit.

Ms Boyd will join Hiscox on June 24, replacing existing USA CEO Kevin Kerridge, who is stepping down after almost 30 years in the business.

She joins from Plymouth Rock Assurance, a home and auto insurance provider in the northeast of the US, where she has been CEO of its independent agency business since 2018.

Ms Boyd began her career in actuarial roles before moving into leadership positions at The Hartford Insurance Company, Ace, Explorer Insurance and Chubb.

Mr Kerridge will operate in an advisory capacity over the coming months before leaving to explore opportunities outside Hiscox at the end of September, the company said.