Lloyd’s Appoints Egan as First Country Manager for Ireland

Lloyd’s announced the appointment of Eamonn Egan as its first Country Manager for Ireland. He was formerly Regional Development Manager at ACE European Group, and will be assuming his new position at Lloyd’s immediately. He will also assume the role of Lloyd’s General Representative in Ireland from the current legal representative Ray McGovern later this year.

Lloyd’s said Egan’s “primary focus will be on strengthening Lloyd’s existing relationships – and developing new ones – with insurance buyers in the Irish market. He will also be tasked with raising the profile of the Lloyd’s brand in the country and establishing a new Lloyd’s office in Dublin, scheduled to open later this year.”

Prior to his role as Regional Development Manager, Egan served as Business Development Manager at ACE European Group. He has also been Managing Director of Strand Underwriting Ltd., a Lloyd’s coverholder, and held various positions at Coyle Hamilton Ltd. (now part of Willis), which is one of the largest independent insurance brokers in Ireland.

Commenting on his appointment, Enrico Bertagna, Lloyd’s Regional Manager for Europe and Africa stated; “To date, Lloyd’s has been operating with a legal representative in Ireland. However, due to the significant further potential of the Irish market, which is one of the key European markets for Lloyd’s, we have decided to bring on board our first country manager with the aim of actively developing the Irish market.” He noted that Egan “has over 25 years of insurance industry experience, and his appointment will take Lloyd’s business in the Irish market on to the next level.”

Lloyd’s also explained that “Ireland has experienced dramatic economic transformation during the last decade, and Dublin is now one of the most important financial centers in the world and the center of the Irish insurance market. Lloyd’s reported almost US$300m of gross premiums in Ireland in 2007, making it the 12th largest source of income for Lloyd’s. The majority of Lloyd’s premium income in the country is made up of property and liability lines.”

Source: Lloyd’s – www.lloyds.com

Topics Excess Surplus Europe Lloyd's