Lloyd’s, the world’s leading insurance and reinsurance market for global risk, today announces its updated Executive Team, with the following appointments effective immediately:
- Rachel Turk is appointed as Chief of Market Performance and will join the Council of Lloyd’s, effective 1 June. Rachel will assume the underwriting responsibilities of the former Chief of Markets role[1], subject to regulatory approval[2]. She will also chair Lloyd’s Capital Planning Group (CPG).
- Caroline Sandeman-Allen is appointed to the Executive Team as Chief of Market Oversight and will assume the oversight responsibilities of the former Chief of Markets role[3], subject to regulatory approval[4]. This appointment reflects the increasing importance of Lloyd’s principles-based oversight framework. Caroline will also chair Lloyd’s Market Oversight Group (MOG).
- Jonathan May is appointed to the Executive Team in his current position as CEO of Lloyd’s Insurance Company (LIC), the wholly owned subsidiary of Lloyd's that facilitates Lloyd's underwriting activity in the European Economic Area. This appointment will strengthen governance of the Corporation and recognises the importance of Lloyd’s European business.
- Dawn Miller continues in her role as Chief Commercial Officer and CEO, Americas. In addition to her existing roles, she will assume responsibility for the Corporate Affairs function. Dawn will also chair Lloyd’s Business Opportunities Committee (BOC).
- The existing roles and responsibilities of Alexandra Cliff as Chief Financial Officer and Lloyd’s Council member, Nathan Adams as Chief People Officer, Claire Schrader as General Counsel and David Sansom as Chief Risk Officer, remain unchanged.
- George Marcotte will continue to serve as interim Chief Operations Officer (COO), while the Corporation seeks a permanent appointment.
The Executive Team will report directly to Patrick Tiernan, Lloyd’s Chief Executive.
[1] See notes to editors.
[2] The appointment is subject to approval and consent from the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA).
[3] See notes to editors.
[4] The appointment is subject to approval and consent from the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA).