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Lloyd’s announces Rachel Turk as Chief Underwriting Officer

25 May 2023

Lloyd’s, the world’s leading marketplace for commercial, corporate and specialty risk solutions, today announces the appointment of Rachel Turk in the new role of Chief Underwriting Officer

Rachel will report to Lloyd’s Chief of Markets, Patrick Tiernan, and her start date will be announced in due course. She will be responsible for managing the performance of the Lloyd’s market, including leading the underwriting function to support the Corporation’s strategic goals. Rachel will also be responsible for leading the discussion with all market stakeholders, including insurers, brokers, and customers on their sustainability strategies.

Rachel joins Lloyd’s from Beazley PLC where she spent over 14 years in management roles, including her latest position as Group Head of Strategy and Executive Committee member. Before this, Rachel led the US Directors & Officers underwriting team at Beazley. She was formerly an Equity Analyst at JP Morgan Cazenove and is a qualified accountant.

Rachel is a board member of the Lloyd’s Market Association (LMA) and the London Market Group (LMG).

“I’m excited that Rachel is joining Lloyd’s as our Chief Underwriting Officer. Her stellar reputation in the industry, alongside her technical expertise and market knowledge, will be a huge asset to Lloyd’s as we continue to enhance the performance of our market.

“Under her leadership of underwriting at Lloyd’s, I’m confident we’ll continue to take the Lloyd’s market from strength to strength, and by doing so, achieve our aim of attracting the very best underwriters, capital and talent to our market to solve the problems that customers are facing.”
Patrick Tiernan - Chief of Markets, Lloyd’s

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About Lloyd’s

Lloyd’s is the world’s leading marketplace for commercial, corporate and specialty risk solutions. Through the collective intelligence and expertise of the market’s underwriters and brokers, we’re sharing risk to create a braver world. 

The Lloyd’s market offers the resources, capability and insight to develop new and innovative products for customers in any industry, on any scale, in more than 200 territories. 

We’re made up of more than 50 leading insurance companies, over 380 registered Lloyd’s brokers and a global network of over 4,000 local coverholders. Behind the Lloyd’s market is the Corporation: an independent organisation and regulator working to maintain the market's successful reputation and operation.

We’re working to build solutions for the most current and prevalent threats. As Chair of the Insurance Task Force for HRH The Prince of Wales’s Sustainable Markets Initiative, Lloyd’s is bringing the industry together to insure the transition to net zero. Our research community is pooling expertise from across the industry to provide cutting edge insight on systemic risks from climate change to cyber security.

And through our digital-led strategy, The Future at Lloyd’s, we’re making it easier and cheaper to place, price and process cover in the Lloyd’s market.