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Lloyd’s appoints Alexandra Cliff as Chief Financial Officer

29 Jan 2025

Lloyd’s, the world’s leading marketplace for insurance and reinsurance, has today announced the appointment of Alexandra Cliff as its Chief Financial Officer. Her appointment will commence on 1 May 2025.  

Alex joined Lloyd’s as Deputy CFO in November 2022 and currently serves on Lloyd’s Executive Committee. Alex has over 20 years of experience in the insurance industry, having held senior finance roles in insurance and broking firms including Direct Line Group, StarStone, and AJ Gallagher. Alex is a Chartered Accountant and spent eight years at PwC in both London and the US. 

Alex will succeed Burkhard Keese, following a long-established succession plan, who leaves Lloyd’s to focus on investment roles in the German insurance market. Burkhard will remain a strategic advisor to Lloyd’s and will focus on the development of the risk transfer vehicle London Bridge Two. 

Burkhard joined Lloyd’s in 2019 and during his time as CFO he has been at the forefront of the significant performance turnaround of the Lloyd’s market, and in the strengthening of its balance sheet, recognised by S&P Global and AM Best accrediting Lloyd’s with the highest financial strength ratings in its history. He has also advanced Lloyd’s position as an attractive and accessible market for global investors to place their capital through London Bridge One and Two.  

“Since joining Lloyd’s as Deputy CFO, Alex has played a vital role in achieving our enhanced financial strength, including recent ratings upgrades, building our investment proposition and transforming market reporting. She is a well-respected member of the Executive Committee and I have no doubt she will continue to deliver against our strategic priorities as CFO.

“I would like to thank Burkhard for his work guiding Lloyd’s to some of its best-ever financial results and his execution of the capital proposition, which has made Lloyd’s more resilient than ever. He has been integral in elevating Lloyd’s financial strength ratings and attracting high-profile capital investment to the market.”
John Neal, Lloyd’s CEO

Alex Cliff’s appointment is subject to regulatory approval.

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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.