Lloyd’s today announced that Robert Childs, Non-Executive Chairman of Hiscox, has been appointed Deputy Chairman of Lloyd’s. He takes up the position immediately.

Robert Childs takes over from Paul Jardine, who retired from the role earlier this year after nine years on Council. Mr Childs will be one of three Deputy Chairmen of Lloyd’s, the body that is responsible for the management and supervision of the Lloyd’s market.

Welcoming Robert Childs appointment, Chairman Bruce Carnegie-Brown said:

“This is an excellent appointment both for the Council and the market. Rob brings with him vast experience of the sector in London, the United States and Bermuda which means he has a keen understanding of the challenges the market faces, but also of its strengths and what Lloyd’s can do to help it thrive and be successful. I look forward to working with him closely over the coming years.”

Robert Childs said:
 
“I’m delighted with this appointment. I look forward to working with Bruce, and welcome the opportunity to bring my 44 years of industry experience to the Council of Lloyd’s.”

Robert Childs joined Hiscox in 1986 where he was the Active Underwriter of their Lloyd’s Syndicate 33 between 1993 and 2005. He also founded their reinsurance company in Bermuda and was Chairman of Hiscox USA. Mr Childs was elected to the Council of Lloyd’s as the nominated representative of an external member in 2012.

Notes for editors

Robert Childs joins Simon Beale and Andy Haste as Deputy Chairman of the Council of Lloyd’s. Members of the Council can be found here.

The Council is responsible for ensuring that the Society of Lloyd’s acts in accordance with Lloyd’s Acts 1871 to 1982 and complies with the Financial Services and Markets Act 2000.

The working and external members of the Council are elected by Lloyd's members. The Chairman and Deputy Chairmen are elected annually by the Council from among its members. All members are approved by the PRA. The Chairman and Deputy Chairmen are elected annually by the Council from among its members.

The Franchise Board is responsible for maintaining a commercial environment at Lloyd’s in which the long term return to all capital providers is maximised. It determines the major risks to the Lloyd’s market and how to mitigate those risks.

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.