UK-based specialist insurer Hiscox has appointed Peter Clarke as chair designate, topic to regulatory approval.
Clarke will be part of the board as chair designate on 1 June 2025 and can succeed interim chair Colin Keogh from 1 July 2025.
Hiscox Group CEO Aki Hussain stated: “I might additionally wish to take this chance to thank Colin for his prolonged tenure with Hiscox. We’ve got immensely valued his thought of counsel through the years, and most not too long ago his management of the Board, and we want him all the most effective for the longer term.”
Clarke has government and non-executive expertise with FTSE-listed monetary companies corporations, with government expertise in banking and funding administration.
His skilled background features a tenure as a solicitor at Slaughter and Might.
He spent 20 years at Man Group, the place he served as group chief monetary officer and CEO.
Past his government expertise, Clarke is a seasoned board director.
His previous directorships embrace positions on the boards of Axa Funding Managers, Sainsbury’s Financial institution and a seven-year time period as chair of Lancashire Insurance coverage Holdings.
At the moment, he holds the position of chair at Redwheel and serves as a non-executive director for Lombard Odier Asset Administration throughout its US, European and Swiss boards.
Hussain acknowledged: “Peter’s important experience in monetary companies, his expertise of rising companies within the US, in addition to his deep understanding of the big-ticket insurance coverage market make him an ideal addition to the Board.
“Peter joins us at an thrilling second within the improvement of Hiscox, as we pursue formidable growth plans, and I very a lot sit up for working with him.
Clarke added: “I’ve admired Hiscox for a while, significantly the variety of its providing and the standard of the workforce, components which offer a robust platform for additional progress. I sit up for becoming a member of the enterprise and contributing to the workforce’s thrilling plans.”
This follows the appointment of Phil Withey as chief expertise officer for the London Market, set to start in June this yr.
