Boardroom Stories: Bronek Masojada, Hiscox
Wake Up To Money
BBC
4.1 • 775 Ratings
🗓️ 9 February 2018
⏱️ 31 minutes
🧾️ Download transcript
Summary
Terrorism, cyber crime, luxury cars and diamonds. Who says insurance is boring? Bronek Masojada boss of Hiscox talks insurance with Wake Up To Money’s Louise Cooper.
Transcript
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| 0:00.0 | Before you listen to this BBC podcast, I'd like to quickly tell you about some others. |
| 0:05.2 | My name's Andy Martin and I'm the editor of a team of podcast producers at the BBC in Northern Ireland. |
| 0:11.3 | It's a job I really love because we get to tell the stories that really matter to people here, |
| 0:16.3 | but which also resonate and apply to listeners around the world. |
| 0:19.6 | And because the team has such a diverse |
| 0:21.2 | range of skills and strengths, we have trained journalists, people who love digging through |
| 0:26.0 | archives, we've got drama and even comedy experts. We really can do those stories justice. So if |
| 0:31.8 | you like this podcast, head to BBC Sounds where you'll find plenty more fascinating stories |
| 0:37.1 | from all around the UK. |
| 0:39.0 | Wake up to Money, Bordroom Stories with Louise Cooper. I'm Louise Cooper and in today's |
| 0:45.7 | boardroom stories I'm talking to someone who knows an awful lot about terrorism, cybercrime, |
| 0:51.0 | luxury cars and diamonds who Who says insurance is boring? |
| 0:55.3 | Meet Bronic Masayada, the chief executive of Hyscox Insurance. |
| 1:00.4 | Right, can you just tell us a little bit about the business? |
| 1:03.2 | Hyscox has a revenue of about £3 billion. |
| 1:06.3 | So it's ensuring things like oil rigs, ships, satellites, |
| 1:10.5 | ensuring people against hurricanes and earthquakes. |
| 1:13.8 | And that's about half the business. |
| 1:16.0 | The other half of the business is ensuring two pretty distinct segments, one of which is |
| 1:20.7 | the richest 10% of the population for their homes, fine art, jewelry, classic cars. And then the other half of the other big chunk is small businesses with 50 or fewer employees. |
| 1:34.3 | And we do that around the world where we have markets, so in the US, in the UK, France, Germany, Spain and Benelix. |
| 1:41.3 | So this is why you're a specialist insurer. That's right. |
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