Press Release

LL07/09 26/03/2009

Tom Bolt appointed as new Underwriting Performance Director


Lloyd’s, the world’s leading specialist insurance market announced today that Tom Bolt has been appointed as the new Underwriting Performance Director.  

He will take up his new post in the early Autumn, replacing Rolf Tolle who will retire at the end of the year.

Mr Bolt has over 25 years experience in international insurance and reinsurance across the UK, US and Europe, most recently as Managing Director of Marlborough Managing Agency.

In his role as Underwriting Performance Director, Mr Bolt and his team will be responsible for working with individual Lloyd's businesses to improve the commercial performance of the market. This includes monitoring each syndicate’s performance against its business plan and ensuring that the underwriting guidelines are adhered to. 

Lloyd’s CEO, Richard Ward said:

“I am delighted that Tom has accepted the role of Underwriting Performance Director. He has a great reputation and track record, and the perfect mix of technical knowledge and commercial experience that will enable him to work in partnership with the market.

“Rolf has done a fantastic job for the market over the last six years. As we move into a new era, Tom will be able to shape the role even further to develop our relationship with the businesses in the market.”
Tom Bolt said:
“This is an exciting time to be joining Lloyd’s. I am delighted to be taking on this role and look forward to working with Richard Ward, the team and the market.”


Notes to editors:

  1. Mr Bolt’s appointment is subject to approval by the Financial Services Authority.
  2. Mr Bolt will join the Franchise Board in the New Year.
  3. Career experience:

2008 – FLAGSTONE RE
Managing Director, Marlborough Managing Agency

1993 - 2008 BERKSHIRE HATHAWAY Reinsurance Division
Head of European Division

1991 - 1993 BANKERS TRUST
Managing Director, Insurance Derivatives Business and various insurance subsidiaries

1985 – 1991 BERKSHIRE HATHAWAY
1988 – 1991 Reinsurance, New York
1985 – 1988 Managing Director, Cyprus Insurance

1979 – 1985 TEXAS COMMERCE BANK
Member, Gulf Coast Energy Team

EDUCATION/QUALIFICATIONS
1975 – 1979 NORTHWESTERN UNIVERSITY B.A and M.M. (M.BA.)

For further information, please contact:


Louise Shield

Tel: +44 (0)20 7327 5793 Fax: +44 (0)20 7327 5229 Email: louise.shield@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


Lloyd's is the world's leading specialist insurance market and occupies fifth place in terms of global reinsurance premium income, and is the second largest surplus lines insurer in the US. In 2009, 74 syndicates are underwriting insurance at Lloyd's, covering all classes of business from more than 200 countries and territories worldwide.

Lloyd's is regulated by the Financial Services Authority.