Patrick Tiernan to join Lloyd’s as Chief of Markets

LONDON: Lloyds of London announced that Patrick Tiernan will be joining the Corporation in the newly created role of Chief of Markets, which will oversee market performance and distribution.

Patrick will join Lloyd’s from Aviva where he is currently the Managing Director, UK Commercial Lines & Global Corporate & Speciality, and previously the Chief Financial Officer of Aviva Insurance Limited.

Patrick has 24 years of experience in the insurance industry, including serving as Group Chief Operating Officer at Starstone Insurance and Chief Executive Officer of Zurich’s Centrally Managed Businesses.

He is chairman of the International Underwriting Association (IUA) and sits on the London Market Group’s board of directors.

He is also on the board of ClimateWise and the Innovation Working Group of the Bank of England’s Climate Financial Risk Forum.

John Neal, Chief Executive Officer of Lloyd’s said: “I’m thrilled that Patrick will be joining Lloyd’s in this newly created role. As a highly regarded industry executive with leadership experience across business and financial management, Patrick joins Lloyd’s at an exciting time.

Our overarching priorities of performance, digitalisation, culture, together with a new ‘purpose’ pillar, are paramount and drive everything we do in the Corporation and across the market.

Patrick will progress these priorities to deliver the impact and results we need right across the market from customer and distribution, through to underwriting business and oversight.”

Lloyd’s is the world’s leading insurance and reinsurance marketplace. Through the collective intelligence and risk-sharing expertise of the market’s underwriters and brokers, Lloyd’s helps to create a braver world.

The Lloyd’s market provides the leadership and insight to anticipate and understand risk, and the knowledge to develop relevant, new and innovative forms of insurance for customers globally.

It offers the efficiencies of shared resources and services in a marketplace that covers and shares risks from more than 200 territories, in any industry, at any scale.

And it promises a trusted, enduring partnership built on the confidence that Lloyd’s protects what matters most: helping people, businesses and communities to recover in times of need.

Lloyd’s began with a few courageous entrepreneurs in a coffeeshop. Three centuries later, the Lloyd’s market continues that proud tradition, sharing risk in order to protect, build resilience and inspire courage everywhere. www.lloyds.com