Hiscox names new chair designate

Hiscox has appointed Peter Clarke as its chair designate, succeeding Colin Keogh in the role.

Clarke, who has executive and non-executive experience within FTSE-listed financial services organisations, is set to join the board as chair designate on 1 June 2025.

He will officially take up the role of chair on 1 July 2025, when Keogh will step down from the board.

Keogh, who took up the role on an interim basis in August 2024, said: “After an extensive search, I am pleased to have led the process that resulted in the nominations and governance committee selecting Clarke as the board’s next chair.

“He 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.”

Clarke added: “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.”

Experience

Clarke, who is a qualified solicitor, 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.

He also worked as a non-executive director on the boards of Axa Investment Managers SA and Sainsbury’s Bank. Most recently, he served chair of Lancashire Insurance Holdings for seven years.

Aki Hussain, group chief executive at Hiscox, said: “Clarke’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.

“He 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.”