Lloyd’s welcomes Joe Hurd as a nominated member of the Council

10 Jan 2023

Joe Hurd is appointed as a nominated member of the Lloyd’s Council.
Joe replaces John Sununu, who will be stepping away from the Council in May 2023 to focus on his new role as Non-Executive Chair, Lloyd’s Americas, where he replaces Dave Duclos.
Joe’s appointment will be effective 10 May 2023.

Lloyd’s, the world’s leading marketplace for commercial, corporate and specialty risk solutions, today welcomes Joe Hurd to the Council of Lloyd’s.

Joe Hurd is a Silicon Valley-based technology executive and Board Director who currently works as an Operating Partner at global venture capital firm SOSV, LLC, supporting life sciences and hardware CEOs to drive product and market expansion. Joe has considerable professional experience and expertise in workforce engagement, data and sustainability on both US and UK listed company boards, and is currently a Non-Executive Director with both Trustpilot Group plc (LSE: TRST) and Hays plc (LSE: HAS).

Joe previously worked at Linklaters and AOL before establishing himself as an entrepreneur with successful start-ups Friendster and VideoEgg. Previously, he was a Non-Executive Director of GoCo Group plc (dba GoCompare) and was the Lead Independent Director of SilverBox Engaged Merger Corp I. From 2009 until 2012, Joe served in the Obama Administration as a political appointee at the Department of Commerce, serving on the White House Business Council. He is a Member of the Council on Foreign Relations and the Trilateral Commission.

“I’m excited to welcome Joe as a new member of Council. Joe’s digital expertise and extensive commercial and political experience add to the skills represented on Council and will also be valuable in progressing our work to build a sustainable and inclusive Lloyd’s.

I am very grateful to John Sununu for his contribution to the Council over the last four years and I look forward to continuing to work with him as Non-Executive Chair, Lloyd’s Americas.”

Bruce Carnegie-Brown - Chairman, Lloyd’s

“Lloyd’s has a unique and exciting opportunity to help society become more resilient, sustainable and inclusive in the years ahead – and some tricky challenges to overcome in order to get there. The Blueprint Two project will create the most advanced insurance marketplace in the world -with better, faster and cheaper digital transactions across the board – and I’m privileged to help support that important work. I’m excited to work with Bruce, John Neal and the entire team over the next few years.”

Joe Hurd - nominated member of the Council

Notes to Editors

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)
A new Deputy Chairman of Lloyd’s Council will be announced in due course.
Blueprint Two sets out a comprehensive strategy to deliver profound change in the Lloyd’s market through digitalisation, making Lloyd’s a cheaper, faster and more efficient place to do business. Following publication of the Blueprint Two roadmap in January 2022, which outlined market milestones until Q2 2024, significant progress has been made on key deliverables in open market placement, delegated authority placement, claims and digital processing services.
More news and information available from lloyds.com

Enquiries to:

+44 (0) 20 7327 5111

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 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.

About Lloyd’s

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.

Lloyd’s Futureset

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.

Future at Lloyd’s