Hiscox has appointed Peter Clarke as its chair designate. He will join the board on 1st June and succeed Colin Keogh as chair on 1st July. Clarke is a qualified solicitor and has served as both group chief financial officer and chief executive officer of Man Group. He has also been a non-executive director of Axa Investment Managers SA, Sainsbury's Bank Plc, and most recently served as chair of Lancashire Insurance Holdings Ltd.

Colin Keogh, interim chair at Hiscox, said: "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, group CEO of Hiscox, added: "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.”