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Hiscox names global retail biz CEO

Hiscox Ltd. has made two appointments.

Hiscox U.S. CEO Ben Walter will relocate to London to take up the newly created role of CEO of the company's global retail business. He joined Hiscox in early 2011.

Steve Langan, CEO of Hiscox U.K. and Europe, will relocate to New York to succeed Walter. Langan will also remain chief marketing officer for the group. He joined the company in 2005.

Both appointments are effective on July 1 and are subject to regulatory and immigration approvals. Hiscox will begin the process of recruiting a new CEO for U.K. and Ireland business in the autumn.