Franchise Board

The Franchise Board is responsible for the day-to-day management of the Lloyd's market:

John Nelson

John Nelson
Chairman of Lloyd's

John Nelson was appointed Chairman of Lloyd’s in October 2011. He was the Chairman of Hammerson plc until 2013. He is a Chartered Accountant, who worked in both the UK and the US while with Kleinwort Benson. He joined Lazard in 1986, whose Vice Chairman he became in 1990. He subsequently became Chairman of Credit Suisse First Boston (Europe), and Deputy Chairman of Kingfisher plc. In addition, he has been a Non-Executive Director of BT, Woolwich plc, JP Morgan Cazenove and Cazenove Group. He is a Senior Adviser to Charterhouse Capital Partners LLP. He is also the Chairman of Chichester Harbour Trust and a Trustee of the National Gallery and chairs its Development Committee.

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Inga Beale

Inga Beale
Chief Executive Officer

Inga Beale joined Lloyd’s in January 2014. Previously she was Group Chief Executive of Canopius, a prominent Lloyd’s managing agent. Prior to that she spent four years with Zurich Insurance, including a period as Global Chief Underwriting Officer, and was Group CEO of Converium Ltd, the Swiss mid-sized independent reinsurance company. While at Converium, she led a major turnaround of the business before it was acquired by SCOR in 2007. She started her career as an underwriter with Prudential before spending 14 years in a variety of international roles for GE Insurance Solutions.

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Tom Bolt

Tom Bolt
Director, Performance Management

Tom Bolt joined Lloyd’s in September 2009. Previously, he was Managing Director of Marlborough Managing Agency. He has extensive experience in international insurance and reinsurance across the UK, US and Europe and has held senior roles in Berkshire Hathaway’s reinsurance divisions and as President of some of its insurance subsidiaries. He also assisted in the formation of Bankers Trust Insurance Derivatives business, as well as a related group of insurance and reinsurance companies.

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Andrew Cahn

Sir Andrew Cahn
Franchise Board Member

Sir Andrew Cahn is Vice Chairman of Nomura International plc and Chair of the Advisory Board of Huawei Technologies (UK). He is Chair of the International Trade and Investment Group and a Trustee of TheCityUK. He is a Non-Executive Director of General Dynamics (UK). He is a Trustee of the Institute for Government, the Gatsby Charitable Foundation and the Arvon Foundation. He was previously Chief Executive of UK Trade and Investment.

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Charles Franks

Charles Franks
Member of the Audit Committee

Charles Franks is Group Chief Executive Officer of Tokio Marine Kiln Group and of its Lloyd’s managing agency, R J Kiln & Co. Having joined Kiln in 1993, he became a Director of R J Kiln in 1995 and was appointed Active Underwriter of the Marine division in 2001. He became Chief Executive of R J Kiln In 2007. He is a member of the Lloyd’s Market Association Board and is an Executive Officer of Tokio Marine Holdings.

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Nick Furlonge

Nicholas Furlonge
Member of the Nominations Committee

Nicholas Furlonge has worked in the Lloyd’s market since 1972 and co-founded Beazley. He has served on a number of Lloyd’s boards and committees including the Lloyd’s Market Association. He is a Non-Executive Director of Beazley Furlonge Ltd, Chairman of the Lloyd’s Community Programme and a member of the Claims Implementation Board.

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Claire Ighodaro

Claire Ighodaro CBE
Chairman of the Audit Committee

Claire Ighodaro is Audit Committee Chair. She is a Non-Executive Director and Audit Committee Chair of the Lending Standards Board and the Shell (Nig) Pension Fund, a Non-Executive Director of Merrill Lynch International and a Council Member of the University of Surrey. She has served as Audit Committee Chair of UK Trade and Investment, the British Council and the Open University and was a senior executive at BT plc. She is a past President of CIMA (the Chartered Institute of Management Accountants) and sits on the International Ethics Standards Board for Accountants.

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Andrew Kendrick

Andrew Kendrick
Member of the Audit Committee, Member of the Remuneration Committee

Andrew Kendrick is President of ACE European Group. Prior to this, he served as President and Chief Executive Officer, ACE Bermuda. With over 30 years of insurance industry experience, he is a member of the Lloyd’s Market Association Board and was Chairman of the LMA from January 2006 to June 2007. He was reappointed to the Lloyd’s Franchise Board as a Non-Executive Director in February 2007.  

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Martin Read

Dr Martin Read CBE
Member of the Remuneration Committee

Martin Read is a Non-Executive Director and Chairman designate of Laird plc, the Independent Chairman of the Remuneration Consultants Group and a Non-Executive Director of the UK Government Efficiency and Reform Board. He was Chief Executive of international IT services company Logica from 1993 to 2007 and has served as a Non-Executive Director on the boards of Invensys, Aegis Group, British Airways, Siemens Holdings, Boots and ASDA. He led UK Government reviews on back-office operations and IT across the public sector which reported in 2009 and on management information which reported in 2012.

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Luke Savage

Luke Savage
Director, Finance and Operations

Luke Savage trained as a Chartered Accountant with Price Waterhouse. He joined Lloyd’s in 2004 as Director of Finance and Risk Management, subsequently assuming responsibility for operations. Prior to joining Lloyd’s he worked in the financial services sector for over 20 years, including Morgan Stanley and Deutsche Bank.

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Bruce van Saun

Bruce Van Saun
Member of the Audit Committee

Bruce Van Saun is Chairman and Chief Executive Officer of RBS Citizens Financial Group, Inc. (RBSCFG), and Head of RBS Americas. He is a member of the Royal Bank of Scotland Group Executive Committee. He became CEO of RBSCFG in October 2013 after serving as RBS Group Finance Director and an Executive Director of the RBS Board since 2009. He previously held senior positions at Bank of New York Mellon, Deutsche Bank, Wasserstein Perella and Kidder Peabody. He is a member of the Financial Services Roundtable and The Clearing House Supervisory Board. He has served on several boards in the US and UK and has been active with many community organisations.

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