Hiscox appoints Peter Clarke as new chair in a move designed to reinforce its governance structure and guide its next phase of international growth. The appointment will take effect from 1 June 2025, subject to final regulatory clearance. Clarke, a prominent figure in the financial services sector, succeeds Colin Keogh, who will officially step down from the board on 1 July 2025.
A transition prompted by unforeseen leadership changes
The board transition follows a period of unexpected change. Keogh was appointed chair in August 2024 after the tragic death of Jonathan Bloomer, who passed away in a sailing incident off the Sicilian coast. Keogh’s tenure, though brief, provided stability during a challenging period.
Clarke’s appointment reflects Hiscox’s commitment to securing experienced, forward-thinking leadership to drive strategy and oversight as the business continues to evolve.
Clarke brings a wealth of experience from the financial services sector
Peter Clarke’s career spans over 20 years at Man Group, one of the world’s leading hedge fund managers. He held the position of Chief Executive Officer from 2007 to 2012, overseeing a period of transformation and executive restructuring. Clarke was succeeded by Emmanuel Roman, who recently retired.
Prior to his tenure at Man Group, Clarke trained as a solicitor at elite City firm Slaughter and May. He has since built a reputation across the financial services sector through senior roles in several FTSE-listed firms.
Strategic non-executive roles and ongoing leadership commitments
In addition to his previous executive leadership, Clarke has held various non-executive directorships, including with AXA Investment Managers, Sainsbury’s Bank, and Lancashire Insurance Holdings, where he served as Chair. His current roles include Chair of Redwheel and non-executive director positions on Lombard Odier Asset Management’s US, European, and Swiss boards.
These appointments highlight his extensive experience across asset management, banking, and insurance—making him particularly well suited for Hiscox’s diversified global operations.
Leadership endorsement from Hiscox
Aki Hussain, CEO of Hiscox Group, welcomed the decision: “Peter’s substantial knowledge of financial services, his proven success in scaling operations in the US, and his deep familiarity with complex insurance markets position him as an invaluable asset to our board.”
Hussain further noted that Clarke’s breadth of boardroom and regulatory experience would bring critical oversight as Hiscox navigates evolving risks and opportunities across international markets.
Clarke’s perspective on joining Hiscox
Clarke also shared his enthusiasm about joining the insurer: “I have long respected Hiscox for its innovative underwriting, breadth of product offerings, and commitment to disciplined growth. The quality of the leadership team and the strength of the group’s market position present an exciting platform for the future.”
He added, “I look forward to contributing to the board’s efforts to guide Hiscox through its next stage of development.”
