Lloyd's announces changes in finance and operations
Fri 23 May 2014
Luke Savage, who has been Lloyd’s Director of Finance and Operations for ten years, will be stepping down from Lloyd’s later this summer, to become Chief Financial Officer of Standard Life. Lloyd’s will be splitting this role into two separate functions going forward.
Shirine Khoury-Haq will be joining Lloyd’s from Catlin as Director of Operations. This is a new position on the Lloyd’s Executive Team with responsibility for market operations, information technology and property services. Shirine joins from Catlin where she has held the position of Group Head of Operations and UK Chief Operating Officer for the last seven years.
John Parry, currently Head of Finance at Lloyd’s, will step into the new role of Director of Finance on an interim basis until a permanent appointment is made.
Lloyd’s Chief Executive, Inga Beale said:
“Luke has played a huge role in Lloyd’s over the last ten years and has been instrumental in preparing the market for Solvency II. I would like to thank him for all his hard work and wish him every success in his new role.
“I’m delighted to welcome Shirine to Lloyd’s, in what is a new role on the Executive Team. She brings a wealth of experience to the team and will lead our key strategic priority of market modernisation.
“I am also very pleased that John Parry will be stepping up to become our interim Director of Finance.”
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Lloyd's is the world's specialist insurance market and occupies fifth place in terms of global reinsurance premium income, and is the largest surplus lines insurer in the US. In 2014, 91 syndicates are underwriting insurance at Lloyd's, covering all classes of business from more than 200 countries and territories worldwide. Lloyd's is authorised under the Financial Services and Markets Act 2000 and regulated by the Financial Conduct Authority and Prudential Regulation Authority.