Lloyd's announces three new appointments to the Franchise Board
Three new appointments to the Lloyd’s Franchise Board were confirmed by Chairman Bruce Carnegie-Brown today.
Mike Bracken, Nigel Hinshelwood and Fiona Luck will come onto the Board as non-executive directors for three year periods commencing 1 March 2018.
These are great appointments for Lloyd’s. Mike, Nigel and Fiona bring experience and expertise from across the business spectrum from insurance to banking to technology, built up over the last twenty-five years. The Corporation will undoubtedly benefit from their expertise and I am looking forward to working with them.Bruce Carnegie-Brown
Mike Bracken brings extensive knowledge of digital, technology and innovation to the Franchise Board. He was formerly Chief Digital Officer at the Co-Op Group and prior to that he spent four years as the UK Government's Executive Director, Digital and also as Chief Data Officer. In this role he created the Government Digital Service, the organisation behind GOV.UK and the transformation of mainstream Government transactions.
Nigel Hinshelwood brings over 27 years' experience in the financial services sector working across the UK and Europe, North and South America, the Middle East and Asia Pacific. He was most recently Head of the UK and Deputy Chief Executive Officer of HSBC Bank plc. He had a 12-year career at HSBC, where he was a Group General Manager, in a variety of senior global roles including Global Head of Operations, Chief Operating Officer for Europe, Middle East and Africa, Head of HSBC Insurance Holdings and Head of Business Transformation. Prior to joining HSBC, Nigel was a partner at Ernst & Young (subsequently Cap Gemini Ernst & Young) where he held numerous positions including Head of Financial Services and Chief Executive Officer of Southeast Asia. Nigel was also a Group General Manager with Unisys where he was responsible for the Financial Services practice in Asia Pacific. Nigel is a non-executive director on the board of Marks & Spencer Financial Services plc.
Fiona Luck has over 25 years’ experience in insurance and reinsurance. She has been a Non-executive Director of the Bermuda Monetary Authority the regulator of financial services on the island, since 2013. Previously, she was non-executive director at Catlin Holdings Ltd and Allied World Holdings Ltd and, prior to that, spent a decade at XL Capital Ltd, in a variety of senior roles including Chief of Staff to the CEO and Executive Vice-President responsible for Strategy, Global HR, IT and Corporate Social Responsibility. Fiona has also worked for the ACE Group between 1996 and 1999 and was President and CEO of Marsh and McLennan’s Bermuda operation between 1992 and 1996.
The Franchise Board is responsible for achieving the “Corporation Purpose” which is that, under our trusted name, the Corporation acts to create and maintain a competitive, innovative and secure market. Our dedicated people serve to protect and promote the interests of the market and its customers, provide valued services to market participants and advance the interests of capital providers over the long term.
The Franchise Board manages all of the affairs of the Corporation and supervises, regulates and directs the business of insurance at Lloyd’s and protect the Lloyd’s franchise, name, reputation and licenses.
Each of the above appointments is subject to satisfactory completion of the PRA’s regulatory notification process.