Hiscox appoints Peter Clarke as next chair
Bermuda-based P&C insurer Hiscox has appointed Peter Clarke (pictured) as its next chair.
Clarke, a veteran of the insurance and banking sectors, will join the board on June 1 and take over as chair on July 1, succeeding Colin Keogh.
Clarke most recently served as chair of Bermuda-based specialty re/insurer Lancashire Insurance Holdings for the past seven years. He is currently chair of investment management firm Redwheel and a non-executive director of Lombard Odier Asset Management on their US, European and Swiss boards. And he spent 20 years in a range of senior roles at investment firm Man Group, including both as CFO and CEO. Clarke has also served as a non-executive director on the boards of Axa Investment Managers and Sainsbury's Bank.
Keogh 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.”
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