Hiscox Ltd on Friday said it has appointed Independent Director Colin Keogh as interim chair.

The Bermuda-based insurer’s former chair Jonathan Bloomer and his wife Judy died in Monday’s sinking of the Bayesian yacht off the coast of Sicily.

On Thursday, Chief Executive Officer Aki Hussain said: ‘We are deeply shocked and saddened by Jonathan and Judy’s tragic deaths. Our deepest sympathies go out to their family and friends at this devastating time...His deep experience across our industry and in the broader business arena, combined with his personal values, made him both an excellent chair and a person I was proud to know and work with.’

Interim Chair Keogh joined Hiscox in November 2015. He had worked at London-based merchant bank Close Brothers Group PLC for 24 years, including as chief executive officer from 2002 until 2009.

Hiscox shares were 0.1% higher at 1,192.00 pence each on Friday morning in London.

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