Lloyd’s announced that its chief commercial officer, Vincent Vandendael, has decided to leave the corporation after almost six years. He will be moving to Everest Insurance as CEO of International Insurance in early 2019.
A Lloyd’s representative explained that the chief commercial officer position is an executive committee role and therefore Vandendael’s replacement will be made by the new Lloyd’s CEO after Inga Beale leaves the market next year. Meanwhile, interim arrangements will be put in place, said the representative in an emailed statement.
Vandendael joined Lloyd’s in December 2012 and as chief commercial officer is responsible for all business development. He also leads Lloyd’s global network, which extends to 31 offices that support Lloyd’s licenses to operate in over 200 territories worldwide.
As part of his role, Vandendael has been a champion for innovation in the Lloyd’s market and has also been instrumental in establishing Lloyd’s Brussels subsidiary, which is due to open in 2019 ahead of the UK’s exit from the European Union, said Lloyd’s in a statement.
With plans for Lloyd’s Brussels now well advanced, he will be working with the team over the coming months to transition his responsibilities, Lloyd’s added.
Vandendael will be at Lloyd’s “for some months yet and we will be working with him to transition his responsibilities…,” the spokesman added.
“Lloyd’s international network has flourished under Vincent’s leadership. We have seen strong and steady growth in established territories like the US, whilst building and developing Lloyd’s presence in China, Dubai and Singapore and winning new licences for the Lloyd’s market in countries that include Colombia, India and Morocco,” said CEO Beale.
“Vincent has energetically and enthusiastically flown the flag for Lloyd’s in every corner of the globe over the past six years. He will be greatly missed by the market and by everyone here at Lloyd’s. I have very much enjoyed working with Vincent and wish him every success in his new role.”
Vandendael commented: “Lloyd’s is a tremendous global brand and it has been a privilege to work with such a talented and committed team over the past six years. Although I have decided it is time for me to move on, I look forward to seeing the Lloyd’s market continue to go from strength to strength in the years ahead.”
Vandendael’s leaving date will be confirmed in due course.
Source: Lloyd’s of London
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