Hiscox Ltd (LON:HSX), the international specialist insurer, has announced the appointment of Peter Clarke as Chair designate, subject to regulatory approval. Peter will join the Board as Chair designate on 1 June 2025 and will succeed Colin Keogh as Chair with effect from 1 July 2025.
Peter has a wealth of Executive and Non-Executive experience within FTSE-listed financial services organisations. A qualified solicitor, having worked at Slaughter and May, he spent much of his Executive career in banking and investment management. This 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, Peter has also served as a Non-Executive Director on the boards of Axa Investment Managers SA, Sainsbury’s Bank Plc, and most recently served as Chair of Lancashire Insurance Holdings Ltd for seven years. He is currently serving as Chair of Redwheel and as a Non-Executive Director of Lombard Odier Asset Management on their US, European and Swiss Boards.
Interim Chair Colin Keogh will step down from the Board with effect from 1 July 2025.
Colin Keogh, Hiscox Interim Chair and Interim Chair of the Nominations and Governance Committee, said: “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.”
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.
“I would also like to take this opportunity to thank Colin for his extended tenure with Hiscox. We have immensely valued his considered counsel over the years, and most recently his leadership of the Board, and we wish him all the best for the future.”
Peter Clarke, Hiscox Chair designate, said: “I have admired Hiscox for some time, particularly the diversity of its offering and the quality of the team, factors which provide a strong platform for further growth. I look forward to joining the business and contributing to the team’s exciting plans.”
