Lloyd’s has announced a series of executive appointments, as part of efforts to align its leadership structure with current market priorities.
Rachel Turk has been named chief of market performance and will join the Council of Lloyd’s. In her new role, Turk will take on the underwriting responsibilities formerly held by the chief of markets and will chair Lloyd’s Capital Planning Group.
Caroline Sandeman-Allen has also joined the executive team as chief of market oversight, assuming oversight functions previously held under the same former role.
She will assume the oversight duties previously held under the same former role and will chair the Market Oversight Group.
Jonathan May has joined the executive team as CEO of Lloyd’s Insurance Company, which manages Lloyd’s operations in the European Economic Area.
Dawn Miller will continue as chief commercial officer and CEO, Americas, and will now also oversee the corporate affairs function. She will chair the Business Opportunities Committee.
The roles of Alexandra Cliff as chief financial officer and council member, Nathan Adams as chief people officer, Claire Schrader as general counsel, and David Sansom as chief risk officer remain the same.
George Marcotte will continue as interim chief operations officer while a permanent replacement is sought.
The executive team reports to Patrick Tiernan, Lloyd’s CEO.
Tiernan says the team would focus on near-term priorities while working with the council to develop a long-term direction for the corporation.
“This group has the right mix of skills, experience and focus to ensure that we remain true to our mandate of supporting and stewarding the market to commercial success,” he adds. “As a team, we will work to deliver for all our stakeholders.”
