Lloyd’s Names Faragher China Re COO

April 25, 2006

Lloyd’s has announced that Ian Faragher has been appointed Chief Operating Officer of its new Chinese onshore reinsurance operation in Shanghai, Lloyd’s Reinsurance Company (China) Ltd., effective May 15.

“Ian has over 25 years insurance experience and has worked for a number of years in China, Hong Kong and Thailand. He was previously responsible for the Liberty Mutual and Chubb operations in China,” said the bulletin.

Director of Worldwide Markets, Julian James welcomed the appointment, commenting: “Ian brings with him a wealth of experience and knowledge of the Asian insurance market which will be crucial as we continue our work with the Chinese authorities to get the new operation up and running in the autumn. We look forward to him joining on 15th May”

Paul Swain, Chairman of Lloyd’s China Strategic Steering Group noted: “I am delighted that Ian has agreed to join Lloyd’s as our new Chief Operating Officer in China. In Ian we have a strong leader with first-hand knowledge of China and experience of establishing and running operations there.”

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