The London Market Group (LMG) announced the appointment of Andrew Horton, CEO of Beazley, as its new chair with effect from May 4, 2018.
He will succeed Nicolas Aubert, head of Great Britain for Willis Towers Watson who has held the role for two years.
“The last two years have seen tremendous developments in our growth and modernization agenda – with workstreams not only delivering tangible results against their objectives, but also leading the market’s response with unexpected events such as Brexit,” said Aubert in a statement.
“It has been a real privilege to work with so many colleagues across the market, all dedicated to maintaining London’s position as a global center for re/insurance,” he added.
Aubert said that Horton’s “leadership of a highly successful London market business will give valuable insight into what needs to be done to take all our workstreams into the next stage of development so they can meet the market’s future needs.”
“The challenges facing our market are not diminishing, but I am excited that our sense of collective purpose and action is delivering genuine benefits, and I very much look forward to working with all sectors of the market to grow and enhance London’s position and reputation,” commented Horton.
The LMG is a market-wide body, bringing together the specialist commercial re/insurance broking and underwriting communities in London. It is supported by the International Underwriting Association of London (IUA), Lloyd’s of London, the Lloyd’s Market Association (LMA) and the London & International Insurance Brokers’ Association (LIIBA).
Source: London Market Group
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