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Lloyd’s appoints Sabrina Miesowitz as new US General Counsel

Mon 02 Mar 2020

Lloyd’s has promoted Sabrina Miesowitz to US General Counsel as Joe Gunset retires from the role after almost twenty years at Lloyd’s.

Lloyd’s has promoted Sabrina Miesowitz to US General Counsel as Joe Gunset retires from the role after almost twenty years at Lloyd’s.

Sabrina, who was formerly the Deputy US General Counsel, will take on her new responsibilities when Joe retires at the end of March. She joined Lloyd’s in 2010 from law firm Dewey & LeBoeuf. For almost ten years she has worked closely with US regulators and provided legal support with the aim of protecting and expanding Lloyd’s access to the US (re)insurance market.

In her new role, Sabrina will be responsible for developing Lloyd’s regulatory strategy in the US and managing government affairs with US regulators at federal and state level. Sabrina will focus on finding business-friendly solutions to help the Lloyd’s market meet its US compliance requirements.

Hank Watkins, Regional Director & President, Lloyd’s, Americas region, said:

“I would like to congratulate Sabrina on her well-earned promotion to the role of US General Counsel. Her familiarity with the US legal and regulatory system and experience working with Lloyd’s unique structure in that environment position Sabrina and her team well for continued success. My colleagues and I will continue working closely with her in support of growth and innovation opportunities for Lloyd’s in our largest market.

“I’d also like to express my gratitude to Joe for his dedication and service to the Lloyd’s market. He was instrumental in bringing the market through challenging times in the early 2000’s and has led a number of successful efforts since then to facilitate the growth of Lloyd’s US business and position the market for future growth and innovation.”

Joe joined Lloyd’s in the summer of 2000 as Lloyd’s first full-time US general counsel. His early years at Lloyd’s were focused on working with lawmakers in the US following Reconstruction and Renewal (or R&R), a market wide restructure in response to losses in the late 1980s and early 1990s.

Since then, Joe has been instrumental in helping to amend US state and federal laws and increase market access for Lloyd’s. He also worked with US policymakers and others in the insurance sector to help create the Terrorism Risk Insurance Act (“TRIA”) in 2002 (which has since been renewed four times, most recently in 2019). TRIA provides a vital government backstop, which in turn enables the commercial (re)insurance market to provide terrorism insurance for US policyholders.

Joe intends to move into a strategic advisory role in the New York office of the law firm McGlinchey Stafford.

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