May 28, 2024

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Lloyd’s of London introduces 1st-ever marketplaces chief

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Lloyd’s of London introduces first-ever markets chief

Aviva Plc’s Patrick Tiernan is moving to Lloyd’s of London to get on a newly developed purpose.

Tiernan, who chairs the Intercontinental Underwriting Affiliation and serves as running director of British isles industrial traces and international company & speciality at Aviva, has been named chief of markets at Lloyd’s. As markets main, he will be in charge of overseeing sector overall performance and distribution.

Commenting on the appointment, a “thrilled” John Neal stated: “As a very regarded business govt with leadership experience across enterprise and financial administration, Patrick joins Lloyd’s at an remarkable time.”

The new main of markets delivers 24 yrs of insurance policy industry working experience to the submit. This features time used at Starstone Insurance policy and Zurich.

“Our overarching priorities of effectiveness, digitalisation, society, with each other with a new ‘purpose’ pillar, are paramount and travel every little thing we do in the corporation and across the sector,” observed Neal, Lloyd’s chief executive.

“Patrick will development these priorities to produce the impact and effects we need ideal across the marketplace from consumer and distribution, by means of to underwriting enterprise and oversight.”

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