REG - Hiscox Ltd - Hiscox appoints Peter Clarke as Chair designate

HiscoxAnnouncement

29/05/2025 07:00

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RNS Number : 4985K  Hiscox Ltd  29 May 2025

 

 

Hiscox appoints Peter Clarke as Chair designate

 

Hamilton, Bermuda (29 May 2025): Hiscox Ltd (LSE:HSX), the international
specialist insurer, today announces 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."

There are no other details that are required to be disclosed in respect of the
appointment of Peter Clarke under UK Listing Rule 6.4.8.

 

ENDS

For further information:

Hiscox Ltd Investors and analysts

Yana O'Sullivan, Director of Investor Relations, London +44 (0)20 3321 5598

Marc Wetherhill, Group Company Secretary, Bermuda +1 441 278 8300

Media
Lucy Hensher, Head of External Communications, London +44 (0)7824 996370

 

Notes to editors

About The Hiscox Group

Hiscox is a global specialist insurer, headquartered in Bermuda and listed on
the London Stock Exchange (LSE:HSX). Our ambition is to be a respected
specialist insurer with a diverse portfolio by product and geography. We
believe that building balance between catastrophe-exposed business and less
volatile local specialty business gives us opportunities for profitable growth
throughout the insurance cycle.

The Hiscox Group employs over 3,000 people in 14 countries and has customers
worldwide. Through the retail businesses in the UK, Europe and the USA, we
offer a range of specialist insurance products in commercial and personal
lines. Internationally traded, bigger ticket business and reinsurance is
underwritten through Hiscox London Market and Hiscox Re & ILS.

Our values define our business, with a focus on people, courage, ownership and
integrity. We pride ourselves on being true to our word and our award-winning
claims service is testament to that. For more information,
visit www.hiscoxgroup.com (https://www.hiscoxgroup.com/) .

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