Hiscox names former Man Group CEO Peter Clarke as new chairman
- August 13, 2025
- Posted by: Web workers
- Category: Workers Comp
(Reuters) — British insurer Hiscox said it appointed Peter Clarke, former CEO of hedge fund Man Group, as chair designate on Thursday.
Clarke will take over July 1 from interim chair Colin Keogh.
Hiscox shares rose 0.9% as markets opened, slightly outperforming the FTSE 100 index.
Hiscox’s previous chairman, Jonathan Bloomer, died nine months ago in a drowning incident on British tech tycoon Mike Lynch’s family yacht.
Hiscox last week said it expected to make cost savings of $200 million from 2028 onward by overhauling its operations to cut costs and unlock scale across its global insurance business.
Clarke was CEO of hedge fund Man Group from 2007 to 2012, while the fund came under pressure as clients pulled their cash during the financial crisis.
