Lloyd's, the world's leading specialist insurance market, announced today the appointment of LoriAnn Lowery as its new President, North America.
Reporting to Director, Market Operations and North America Sue Langley, LoriAnn will be responsible for all business operations across the US and Canada including: business development and distribution; communications and marketing. She will be based in New York and will take up her new role on 27 April.
LoriAnn has over 20 years experience of the insurance industry, most recently as Managing Director and National Practice Leader for Risk Management and Financial Products for Wells Fargo Insurance Services. She has previously held positions at Marsh & McLennan, Sedgwick and Intercontinental Brokerage.
Sue Langley, Director of Market Operations and North America:
“I am delighted that LoriAnn will be joining Lloyd’s as the new President of North America. She has the unique mix of insurance and business knowledge and skills that we were looking for. She will be instrumental in taking our US platform to the next level.
“The US and Canada makes up 44% of our business and we remain committed to continuing to service the needs of policyholders by developing our presence and deepening our relationships there.“
LoriAnn Lowery said:
“The opportunity to join a world renowned brand, such as Lloyd’s, comes once in a lifetime. I am looking forward to working with Sue and the team across North America and Canada to build on the excellent reputation the market has.”
Lloyd’s has offices in Montreal, New York, Kentucky, Illinois, Los Angeles and the US Virgin Islands and is licenced in Kentucky, Illinois and the US Virgin Islands. The market is also registered as eligible surplus lines insurers in all US jurisdictions, except Kentucky and the US Virgin Islands.
Notes to Editors:
1. Biography
2006-2008 Wells Fargo Insurance Services
Managing Director and National Practice Leader for Risk Management and Financial Products.
1997-2006 Marsh & McLennan’s Advanced Risk Solutions Practice
Managing Director
1997-1998 Sedgwick North America
Director
1992-1997 Intercontinental Brokerage Inc
Senior Vice President and Executive Vice President
1988-1992 Autobond Acceptance Corporation
Vice President
LoriAnn has a degree from the University of Texas.
2. All US business underwritten at Lloyd's must be placed in accordance with US regulatory requirements. Coverage must comply with local law. New insurance enquiries from US residents should be directed to an insurance agent or broker licensed to conduct business in the relevant state. Details can be found on the NAPSLO website.
3. Underwriters at Lloyd's are licensed only in Kentucky, Illinois and the US Virgin Islands, and are eligible surplus lines insurers in all US jurisdictions except Kentucky and the US Virgin Islands.
Lloyd's underwriters are also accredited reinsurers in all states. Insurance policies issued by underwriters are not protected or guaranteed by state insurance guaranty associations or insolvency funds, except in states where licensed.
For further information, please contact:
Louise Shield
Tel: +44 (0)20 7327 5793 Fax: +44 (0)20 7327 5229 Email:
louise.shield@lloyds.com
Marc Charlton
Tel: +44 (0)20 7327 6125 Fax: +44 (0)20 7327 5229 Email:
marc.charlton@lloyds.com
Bart Nash
Tel: +44 (0)20 7327 6272 Fax: +44 (0)20 7327 5229 Email:
bart.nash@lloyds.com
For urgent out of hours media calls Tel: +44 (0)7659 597 825
Find out more about Lloyd's
Lloyd's is the world's leading specialist insurance market. Lloyd's underwriting capacity at 1 January 2008 is £15.95 billion which will be underwritten through 75 syndicates (including SPS and RITC syndicates), managed by 46 managing agents and supported by 176 brokers. It is the world's third largest non-life reinsurer, and is the second largest surplus lines insurer in the US.
Lloyd's is regulated by the Financial Service Authority.
