Lloyd’s Franchise Board News

Lloyd’s to Create Single Governing Body, Merging Council and Franchise Board

Re/insurance market Lloyd’s announced its decision to merge the Council of Lloyd’s and the Franchise Board, effective from June 1, 2020, after receiving widespread support from across the market. The news follows five months of consultation across the Lloyd’s market, …

QBE’s Pryce Appointed to Lloyd’s Franchise Board, Succeeding Furlonge

Lloyd’s announced that Richard Pryce, CEO for QBE European Operations, has been appointed by the Council of Lloyd’s as a non-executive director of the Franchise Board, the body which is responsible for the day-to-day running of the Lloyd’s market. Pryce …

Lloyd’s Appoints Brit Group CEO Cloutier to Franchise Board

Lloyd’s announced that Mark Cloutier, CEO of Brit PLC, will be joining the Lloyd’s Franchise Board, as of April 1, 2015. He has been the CEO of the Brit Group since October 2011, and has more than 35 years’ experience …

Lloyd’s Appoints Hu to Council; McGovern, Griffiths to Franchise Board

Lloyd’s has announced three appointments with immediate effect. Fred Hu will join the Lloyd’s Council and Joy Griffiths and Sean McGovern will join the Franchise Board. The bulletin described Hu as a “renowned economist and investor. “Between 1997 and 2010 …

Lloyd’s CEO Richard Ward Reflects on ‘Nearly 8’ Eventful Years

Lloyd’s CEO Richard Ward is stepping down from the post at the end of the year. Despite the catastrophes of 2005 and 2011, the two costliest years in the industry’s history, as well as the financial crisis, he leaves Lloyd’s …