Specialist insurer Hiscox's chief underwriting officer (CUO) Richard Watson is stepping down from his position after 33 years with the carrier. Watson will step down from the board of Hiscox on December 31, 2019 and will continue as an advisor and serve on subsidiary boards. Hiscox said a successor will be announced following a review of internal and external candidates. Watson joined Hiscox in 1986, having previously worked for Sedgwick and Hogg Robinson. He was appointed managing director of Hiscox Global Markets in 2005, and the underwriter of Syndicate 33 from 2006 to 2009.