Ben Baker, the Lloyd’s Market Association’s (LMA) former Senior Underwriting Executive, has been promoted to the role of the organization’s Professional Standards Manager. He will take over from Terry Hayday, the LMA’s Head of Professional Standards, when he retires next June.
Baker joined the LMA in 2008. He spent 10 years as a political risk underwriter with ACE, and began his career in the insurance market as a broker with C.T Bowring. He also spent 10 years with AIG, underwriting political risks.
Baker commented: “Professional development is hugely important for the future of the Lloyd’s Market. What we’re trying to do is create a real learning community rather than just running a series of educational events. We want it to be part of the market’s DNA.”
The LMA’s Board has, this month, given approval for the ground-breaking LMA Lloyd’s Market Academy (LMALMA) initiative to extend beyond its two-year pilot phase.
“Based on my years of market experience, I am looking to develop the LMA Lloyd’s Market Academy to widen people’s horizons and support their professional careers at Lloyd’s. Everything we do is market-focused from basics to boardroom. Our watchword is ‘by the market for the market’,” Baker added.
The bulletin also noted that the Chartered Insurance Institute (CII) “has also approached the LMA to lead and champion a new dissertation program at Lloyd’s, participation in which will qualify for 40 CII credits towards its Advanced Diploma qualification, the ACII.
Hayday described Baker as “the ideal person for this role. He has already worked with me on a number of professional development activities and his appointment means we can build on the LMALMA programs we’re developing for next year and beyond.”
“The job is about more than simply training and development; it’s more to do with relationship management and truly understanding and addressing the educational needs of people working in the Lloyd’s Market.”
Source: Lloyd’s Market Association
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