Hiscox Ltd., the Bermuda-based specialist insurer, announces the appointment of Peter Clarke as chair designate, subject to regulatory approval. Clarke will join the board as chair designate on June 1, 2025 and will succeed Colin Keogh as chair with effect from July 1, 2025.

Clarke has a wealth of executive and non-executive experience within FTSE-listed financial services organizations. A qualified solicitor, having worked at the London law firm Slaughter and May, Clarke spent much of his executive career in banking and investment management. This experience includes 20 years in a range of senior roles at Man Group, including both as group chief financial officer and chief executive officer.

As a seasoned board director, Clarke has also served as a non-executive director on the boards of AXA Investment Managers SA, Sainsbury’s Bank Plc, and most recently served for seven years as chair of Lancashire Insurance Holdings Ltd. He is currently serving as chair of Redwheel and as a non-executive director of Lombard Odier Asset Management on its US, European and Swiss Boards.

Interim Chair Keogh will step down from the board with effect from July 1, 2025. Keogh also was interim chair of the Nominations and Governance Committee.

“After an extensive search I am pleased to have led the process that resulted in the Nominations and Governance Committee selecting Peter as the board’s next chair. Peter will be a great addition to the Board, and the business will benefit immensely from his vast experience, particularly as it relates to Bermuda-domiciled insurance carriers,” commented Keogh.

Aki Hussain, Hiscox Group CEO, said: “Peter’s significant expertise in financial services, his experience of growing businesses in the US, as well as his deep understanding of the big-ticket insurance market make him a great addition to the board. Peter joins us at an exciting moment in the development of Hiscox, as we pursue ambitious expansion plans, and I very much look forward to working with him.

Hussain went on to thank Keogh for his extended tenure with Hiscox and wished him all the best for the future.

Source: Hiscox