Lloyd’s confirms Council membership updates following elections

11 Oct 2024

Lloyd’s, the world’s leading marketplace for insurance and reinsurance, today announced changes to its Council membership following elections held to fulfil an open vacancy.

The change to Lloyd’s Council is as follows:

Liberty Corporate Capital Limited, represented by Jane Warren, has been elected as a Corporate External Member of the Council.
This was uncontested.
The commencement of the term of office is to begin on 1 February 2025 and will be for the period of three years.

Jane Warren is an Active Underwriter for Syndicate 4472 at Lloyd’s, Board Director of Liberty Corporate Capital Limited, Chief Underwriting Officer and Board Director at Liberty Managing Agency Limited, UK Legal Entities Managing Director at Liberty Specialty Markets, and Branch Manager (UK) for Liberty Mutual Insurance Europe.

Jane is also a board member of the Lloyd’s Market Association, a member of the Lloyd’s Sustainability Committee and a member of the London Market Group.

Find full details in the corporate notices section

“Jane has witnessed the progress of our market over the last 30 years having held senior roles in underwriting, broking and operations for major global companies. She brings a wealth of experience from time spent in both the London and Bermuda markets and has helped lead and effect genuine and lasting cultural change through her executive sponsorship of DEI initiatives at Liberty. I look forward to welcoming Jane to the Council of Lloyd’s and working together.”

Bruce Carnegie-Brown, Lloyd’s Chairman

Notes to Editors

As the number of candidates equalled the number of vacancies, a ballot was not necessary and Liberty Corporate Capital Limited was elected uncontested.
The Council of Lloyd’s comprises 15 members split between 6 elected members (3 working and 3 external), 3 executives (CEO, CFO, Chief of Markets) and 6 nominated members.
Nominated members of Council are Lloyd’s equivalent to Independent Non-Executive Directors.
Members of Council serve for three year terms, renewable up to a total of 9 years (in line with wider governance best practice)
An Individual External member is a member of Lloyd’s who is an individual or a corporate member which is not beneficially owned in whole or in part by a Financial Services Group, a PLC or an Investment Fund and a Corporate External member is a corporate member who is not an Individual External member.
More details about The Council of Lloyd’s and the elections processes can be found in the terms of reference below.

Governance structure

Enquiries to

pressoffice@lloyds.com

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 200 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 HM King Charles III’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.

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