(Sharecast News) - Hiscox announced the appointment of Peter Clarke as chair designate on Thursday, with effect from 1 June, subject to regulatory approval.
The FTSE 100 international specialist insurer said he would succeed Colin Keogh on 1 July.

It said Clarke would bring extensive leadership experience across FTSE-listed financial services firms, including two decades at Man Group, where he served as both chief financial officer and chief executive.

He had held a number of board-level roles, including as chair of Lancashire Insurance Holdings and non-executive director at Axa Investment Managers and Sainsbury's Bank.

Clarke currently chairs Redwheel and sits on the boards of Lombard Odier Asset Management in the US, Europe and Switzerland.

"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," said interim chair Colin Keogh, who will step down from the board on 1 July.

"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."

At 0847 BST, shares in Hiscox were up 0.48% at 1,256p.

Reporting by Josh White for Sharecast.com.

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