Lloyd’s Renews Council and Franchise Board Seats

February 7, 2008

Lloyd’s announced that Lord Peter Levene has been re-appointed as Chairman of Lloyd’s. Ewen Gilmour and Graham White were re-appointed as Deputy Chairmen of Lloyd’s and Bill Knight was re-appointed as Deputy Chairman of Council.

Nick Marsh was elected as a working member of the Council for a three-year term, effective from February 1, 2008. He is Director of Underwriting Review at Atrium Underwriting Limited.

Catlin Syndicate Limited (represented by Paul Jardine) was also elected as a corporate ‘C’ external member for a three year term, effective from February 1, 2008. Jardine serves as Deputy Chairman of Catlin Underwriting Agencies Limited and is also the Chairman of the Lloyd’s Market Association (LMA).

The Council of Lloyd’s also announced the appointment of Dr. Reg Hinkley as a nominated member of Council. His appointment was approved at the Council meeting on September 26, 2007 for a three-year term following Judith Hanratty’s retirement from the Council in August 2007.

Lord Levene commented: “I am delighted to welcome Reg Hinkley, Nick Marsh and Paul Jardine to the Council. With their combined experience they will add tremendous value in helping to underpin robust management of the underwriting cycle.”

Alongside the appointments to its Council, Lloyd’s also announced changes to its Franchise Board.

Claire Ighodaro CBE has been appointed as an independent non-executive director on the Franchise Board for a three-year term expiring on December 31, 2010 and Jim Stretton was re-appointed as a non-executive director on the Franchise Board for a two-year term, expiring on December 31, 2009.

Stephen Hodge has been re-appointed as an independent non-executive director until April 2008 when the 2007 Annual Report is approved by the Council.

Dipesh Shah will join the Franchise Board for a three-year term ending December 31, 2010 following Stephen’s retirement from the Board on April 2, 2008.

On February 4 the Council appointed Nick Furlonge, Director of Risk Management at Beazley, as a market connected non-executive director of the Franchise Board replacing Steven Burns whose term expired on December 31, 2007.

Commenting on the appointments to the Franchise Board, Lord Levene added: “I would like to thank the Franchise Board members, whose terms of office have either come to an end or shortly will do, for their hard work, especially Stephen Hodge who has agreed to stay until the Annual Report is published in April. I look forward to working with all of the new board members.”

Source: Lloyd’s – www.lloyds.com

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