The Council of Lloyd’s has appointed John Parry as Lloyd’s Director of Finance with immediate effect. He will also become a member of the Lloyd’s Franchise Board. Parry has been acting Director of Finance since July and, following a competitive process, has been awarded the role permanently.
Lloyd’s explained that the “Director of Finance is responsible for the financial reporting of the worldwide Lloyd’s insurance market’s results and capital adequacy to analysts, investors, regulators and rating agents.
“Finance also covers Treasury & Investment Management, with over £5bn of funds under management, including the assets of the Central Fund, and the tax affairs of the Corporation and Lloyd’s market in the UK and overseas.”
Lloyd’s CEO, Inga Beale indicated she is pleased with Parry’s appointment; noting that he “has made a positive impact since he took over the position in the summer and I know the team here and the market participants are looking forward to continuing their work with him.”
Parry explained that “Finance at Lloyd’s is central to achieving our strategic goals; I see my role very much as helping the market to remain as the global center for specialist (re)insurance, supported by the strength of the Central Fund and Lloyd’s ratings.”
Parry joined Lloyd’s in August 2001 and led Lloyd’s solvency and regulatory reporting requirements and the process for review and agreement of capital requirements for underwriting for all the separate businesses in the market.
Source: Lloyd’s of London
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