Jason Jones has over 24 years’ experience in the UK and international insurance market. He led the regulatory compliance function for the Hiscox Group for 14 years and was a board director of Hiscox’s UK-regulated entities, including carriers and intermediaries. Jason led the Group’s internal audit function for 19 years, led the company secretariat for 10 years, developed the Group’s corporate governance framework, and designed the Group’s risk management function under Solvency II. He served as Chair of the LMA Regulatory Committee for four years.
During Jason’s tenure the Hiscox Group expanded significantly, in size and especially in terms of geography and business diversity, bringing rewarding challenges for Jason. The Group grew from a Lloyd’s-centric operation to a true multi-national, headquartered in Bermuda with operations in 14 countries, and a thriving retail insurance business in the UK, mainland Europe and the USA.
Jason recruited and oversaw a multi-country team of compliance professionals and was responsible for the Group’s regulatory relationships in all countries. Jason retained an oversight role for the Hiscox internal audit function for the entirety of his 19 years’ service, during which time it developed into one of the most respected IA teams in the market. He also developed the company secretariat for the Group as a whole, and played a leading role in shaping the corporate governance framework of the Hiscox Group through the challenges of re-domiciling to Bermuda and Solvency II.
From developing Hiscox’s first risk register in 1999, to re-designing the Group’s risk management framework under Solvency II, Jason has always maintained a strong involvement with the risk management function, working directly with the CRO and CEO to ensure regulatory satisfaction and efficient compatibility with the governance framework. He also created and chaired the Hiscox Group’s information security committee and led a multi-year programme to implement security and privacy reforms.
Outside of Hiscox Jason has served on several market groups, most notably the Lloyd’s Market Association Regulatory Committee for 9 years of which he was Deputy Chair for 2 years and Chair for 4 years, and the Lloyd’s Brexit Committee. Jason is married with a daughter. In his spare time, he races karts at international events.