The specialist Lloyd’s of London insurance coverage and reinsurance market has appointed Aviva’s Patrick Tiernan to the newly created function of Chief of Markets, which is able to see him take oversight of market efficiency and distribution.
Tiernan joins the market from Aviva the place he presently serves as Managing Director, UK Business Strains & World Company & Specialty. Beforehand, he has labored because the Chief Monetary Officer (CFO) of Aviva Insurance coverage Restricted.
He brings 24 years of expertise within the insurance coverage business to the Lloyd’s market, which incorporates serving as Chief Working Officer (COO) of StarStone Insurance coverage and Chief Government Officer (CEO) of Zurich’s Centrally Managed Companies.
At present, he serves as Chairman of the Worldwide Underwriting Affiliation (IUA) and likewise sits on the Board of Administrators of the London Market Group. Moreover, Tiernan sits on the Board of ClimateWise and the Innovation Working Group of the Financial institution of England’s Local weather Monetary Threat Discussion board.
John Neal, CEO of Lloyd’s, commented: “I’m thrilled that Patrick will likely be becoming a member of Lloyd’s on this newly created function. As a extremely regarded business govt with management expertise throughout enterprise and monetary administration, Patrick joins Lloyd’s at an thrilling time.
“Our overarching priorities of efficiency, digitalisation, tradition, along with a brand new ‘objective’ pillar, are paramount and drive all the things we do within the Company and throughout the market. Patrick will progress these priorities to ship the impression and outcomes we want proper throughout the market from buyer and distribution, by to underwriting enterprise and oversight.”