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HAMILTON, Bermuda - Hiscox Ltd (LSE:LON:HSX), the international specialist insurer, has announced the appointment of Peter Clarke as its new Chair designate. Clarke is set to join the Hiscox Board on June 1, 2025, and will officially take over from Colin Keogh as Chair on July 1, 2025, pending regulatory approval.
Clarke brings extensive experience from his time in both executive and non-executive roles across various FTSE-listed financial service organizations. His previous positions include serving as Group Chief Financial Officer and Chief Executive Officer at Man Group (LON:EMG), and holding non-executive directorships at Axa (EPA:AXAF) Investment Managers SA and Sainsbury (LON:SBRY)’s Bank Plc. He has also chaired Lancashire Insurance Holdings Ltd for seven years and currently holds the position of Chair at Redwheel, as well as serving on the boards of Lombard Odier Asset Management in the US, Europe, and Switzerland.
Interim Chair Colin Keogh will be stepping down from the Board effective July 1, 2025. Keogh expressed confidence in Clarke’s appointment, noting the business will greatly benefit from his vast experience, particularly with Bermuda-domiciled insurance carriers.
Aki Hussain, Hiscox Group CEO, praised Clarke’s significant financial services expertise and his understanding of the big-ticket insurance market. Hussain also acknowledged Clarke’s arrival at a pivotal time for Hiscox, as the company embarks on ambitious expansion plans.
Peter Clarke remarked on his esteem for Hiscox, highlighting the company’s diverse offerings and strong team as a solid foundation for growth. He expressed his anticipation to contribute to Hiscox’s future developments.
Hiscox operates globally, employing over 3,000 people across 14 countries, and is known for its specialty insurance products and services. The company prides itself on its values of people, courage, ownership, and integrity, and is recognized for its award-winning claims service.
The information for this article is based on a press release statement from Hiscox Ltd.
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