Insurer Hiscox strains up chairman months after Bayesian sinking

Hiscox, the London-listed insurer, is near naming a brand new chairman almost eight months after the drowning of Jonathan Bloomer on the luxurious yacht of know-how tycoon Mike Lynch.

Sky Information has learnt that Hiscox has narrowed its search to candidates together with Richard Berliand, who chairs the interdealer dealer TP ICAP.

Insurance coverage insiders stated that Mr Berliand was amongst fewer than a handful of potential successors to Mr Bloomer.

The sinking of the Bayesian off the Sicilian coast final August claimed the lives of Mr Lynch and his daughter, together with 5 different passengers, together with Mr Bloomer.

He had chaired Hiscox for only a 12 months when he died.

The identities of the opposite candidates being thought of by the corporate have been unclear on Monday.

Hiscox, which has a market capitalisation of simply over £3.8bn, has seen its shares slip by about 12pc during the last 12 months.

It was based as a single underwriter at Lloyd’s in 1901.

A Hiscox spokesperson declined to remark.