JLT Specialty Says Lloyd to Step Down as CEO; Knowles Named Successor

September 14, 2015

Jardine Lloyd Thompson Group plc has announced that as part of a planned succession, John Lloyd will step down as CEO of JLT Specialty Ltd. at the end of the year. Lloyd will remain with the group, continuing to advise key clients, strengthen market relationships and support and mentor young leaders across the organization.

Paul Knowles has been named as John Lloyd’s successor as CEO of JLT Specialty Ltd., with Lucy Clarke named as his deputy. Both these appointments are effective from January 1, 2016 and subject to approval from the UK Financial Conduct Authority. Knowles will also join the JLT Group Executive Committee.

John Lloyd was one of the founding partners of what became the Lloyd Thompson Group, latterly serving as its chairman prior to its merger with Jardine Insurance Brokers in 1997. He served as the chairman of the combined business’s Lloyd’s brokerage operation, before establishing and becoming chairman and CEO of Lloyd & Partners, JLT’s specialist wholesale broker, in 2005. Since September 1, 2014, following its successful merger with Lloyd & Partners, he has been the CEO of JLT Specialty Ltd.

Paul Knowles has worked in the industry for 25 years and has been with JLT since 1996. For the last nine years, he has been responsible for the broker’s Construction and Real Estate business and, more recently, assumed the additional responsibility of running JLT Specialty’s major Corporate business.

Lucy Clarke also has worked in the insurance industry for 25 years, originally in the U.S. and subsequently in the London market. She has been with JLT since 2002 and is currently head of Energy within JLT Specialty Ltd. She will remain responsible for this important area, as well as assuming her new responsibilities.

“John Lloyd’s contribution to JLT has been truly outstanding. He has played an extremely influential role in the group’s development to become the global, specialty-led force that we are today,” said Dominic Burke, JLT Group CEO.

“He has always been fiercely protective of our clients and our people and a true champion of our values. Indeed, JLT’s culture is one that he has helped shape and that, in many ways, reflects the principles upon which he has built his own career. I am delighted that we will continue to benefit from his experience and entrepreneurial drive,” Burke continued.

“Paul and Lucy are proven leaders, each with a track record of delivering results and an absolute commitment to maintaining JLT’s client-first, collaborative culture. Respected across the industry, it is a testament to the group that we have two such strong leaders to step into these roles. Together, they represent a formidable team with the right mix of experience and entrepreneurialism to take JLT Specialty Ltd. forward and drive its continued growth.”

John Lloyd, CEO of JLT Specialty Ltd., said: “I am very proud of the contribution I have made to the success of JLT and, before that, Lloyd Thompson during my 42 years in the industry. While this is the right time for me to step down from a day-to-day people management role, my long-term commitment to JLT remains as strong as ever. I am very excited to be continuing to help further develop and grow JLT by working with our key clients and markets, as well as with all my colleagues across the group. I also look forward to having more time to devote to my various charitable interests.”

Source: Jardine Lloyd Thompson Group

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