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Friday, February 23, 2024

Lloyd’s appoints new CEO of European operations

Insurance coverage and reinsurance market Lloyd’s has appointed Jonathan Might as CEO of Lloyd’s Europe.

Pending regulatory approval, Might will exchange Amélie Breitburd on 1 January 2024.

At the moment, Might is the chief monetary officer (CFO) and chief operations officer (COO) for Lloyd’s Europe or Lloyd’s Insurance coverage Firm (LIC).

He’s additionally a part of the LIC administration committee and board of administrators.

Lloyd’s stated Might is a key contributor in constructing the core energy of the corporate’s European operations.

Might began his profession at Ernst & Younger and joined Lloyd’s in 2006.

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He has held numerous administration positions inside the firm, resembling world COO and CFO overseeing finance and operations for Lloyd’s worldwide community, Asia-Pacific regional CFO, and CFO and COO for the Higher China area.

With Might taking on as CEO of Lloyd’s Europe, Lloyd’s will make additional appointments, topic to regulatory clearance.

Final month, Masumi Hashiguchi was named chief threat officer of Lloyd’s Europe.

James Davidson, who’s at the moment LIC’s deputy CFO, will take over as CFO and interim LIC COO on 1 January 2024.

Topic to shareholder approval and in accordance along with his new obligations, Davidson will be a part of the LIC administration committee and board.

Benoit Waltregny, who can also be LIC common counsel, has been named deputy CEO of LIC.

Lloyd’s chief of markets Patrick Tiernan stated: “Lloyd’s Europe has been a fantastic success story throughout Amelie’s tenure. We couldn’t have hoped for a extra constructive profile throughout all stakeholder teams as Lloyd’s Europe grew to be a valued member of the European insurance coverage and reinsurance household.

“Throughout her time as CEO, Amelie has each solidified the European platform and constructed belief and confidence with clients, brokers and carriers. The longer term could be very thrilling for Lloyd’s Europe as Amelie fingers over the management to Jonathon as CEO and Benoit as deputy CEO.”

Final month, Lloyd’s invited member enter on the urged highway map for low-carbon transition.

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