Andrew Brooks, chief executive officer of Ascot Underwriting Ltd., has been appointed the next chairman of the Lloyd’s Market Association (LMA), with effect from Jan. 1, 2019.
Brooks, who has served on the LMA board as a member since 2012, will succeed Neil Maidment, who will be retiring as chairman at the end of the year.
“I am honored to be appointed LMA chairman and will seek to build on Neil’s successful work in ensuring that the LMA effectively represents the interests of Lloyd’s managing agents,” said Brooks.
“I am looking forward to working with Sheila Cameron [who begins her role as LMA’s CEO from Jan. 7] to influence Lloyd’s strategy on behalf of the LMA membership,” he added. “I am also keen to see market modernization delivered effectively and for the LMA to continue to play a vital role providing technical support to the underwriting community.”
“With around 30 years’ experience within the Lloyd’s market, and six years as an LMA board member, [Brooks] is well placed to lead the LMA board so as to best serve the interests of our members,” said David Gittings, chief executive of LMA. “I would like to thank Neil Maidment for his vital contribution as a board member since 2011, including his three-year tenure as our chairman, and also for his contribution to the market.”
Gittings will be stepping down at the end of the year after 12 years in the role, to be succeeded by Cameron.
The LMA represents the interests of the Lloyd’s underwriting community. All underwriting businesses at Lloyd’s are members, together managing gross premium income of around £32 billion ($41.2 billion) per annum.
Source: Lloyd’s Market Association
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