(Alliance News) - Hiscox Ltd on Tuesday named Jonathan Bloomer, the former chief executive officer of fellow insurer Prudential PLC, as chair designate.
Bloomer will join the board of the Hamilton, Bermuda-based insurer as chair designate on June 1, succeeding Robert Childs, who will retire on July 1.
In March, Hiscox announced that Childs will step down as chair during 2023. He joined the company in 1986.
Bloomer joined Prudential in 1995, initially as chief financial officer and then as CEO from 2000 to 2005. Prudential is a London-based, Asia-focused insurer.
Bloomer's final executive role was as an operating partner at Cerberus Capital Management LP. He is currently chair of Morgan Stanley International Inc, DWF Group PLC and SDL Group Ltd.
Shares in Hiscox were up 0.9% to 1,175.00 pence each in London on Tuesday morning.
By Sophie Rose, Alliance News reporter
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