Lloyd’s announced that its outgoing Chairman, Lord Peter Levene, who steps down on October 12, is “to receive a rarely-struck Gold Medal to mark his contribution to Lloyd’s during his nine years as Chairman.”
The Council of Lloyd’s announced the decision at its meeting on the 20th of September. The Gold Medal for Services to Lloyd’s “has rarely been awarded since it was first struck in 1919. It was last awarded in 1996 to Sir David Rowland, who was Chairman at the time and steered Lloyd’s successfully through the difficult period of Reconstruction and Renewal.”
The Gold Medal awarded to Lord Levene recognizes his “achievements during his chairmanship, the longest in modern times.”
Dr. Andreas Prindl, Chairman of the Council’s Nominations, Appointments and Compensation Committee (NACC), commented: “When Lord Levene took over the chairmanship of Lloyd’s, its reputation was not where it is today.
“In his nine years at the helm, he has worked tirelessly to rebuild that reputation and to promote the market across the globe. He has been instrumental in opening up major new markets, most notably China, and has played a major part in Lloyd’s once again being the gold standard in insurance worldwide.”
Levene responded to the announcement: “I am very proud of my time as Lloyd’s Chairman, but extremely humbled to receive a Gold Medal. I have been privileged to work with a great team at Lloyd’s, including two fine CEOs in Nick Prettejohn and Richard Ward. Lloyd’s is special and unique. I am delighted to have played a part in re-establishing its reputation as the world’s specialist insurance market.”
He recently expanded on that topic and others in an interview with the IJ, which is available on the web site as a podcast.
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