A bold, even surprising, appointment is signalling a move to grow and further internationalise the Norwegian Hull Club.
The Bergen-based mutual, already a world-ranking marine underwriter, is handing the helm to an outsider, someone who is not in the insurance industry and who is not even Norwegian.
Top London lawyer Faz Peermohamed (51) is to replace current chief executive John Wiik (65), a legend who, over a more than three-decade-long period, has transformed a small Norwegian west-coast insurance club into a venture covering 10,000 ships and rigs with 80% of the business drawn from overseas.
