Lloyd’s bolsters leadership as it 'wholeheartedly' commits to Europe

Lloyd’s has bolstered the leadership of its Brussels-based European subsidiary  Lloyd’s Insurance Company (LIC) in a bid to strengthen its relationships with regulators and key partners in this "critical and highly valued" market.

Lloyd’s chief executive officer John Neal stated that the Corporation is "wholeheartedly committed" to serving its existing partners and customers across Europe, as well as offering the right products and services for the markets.

Lloyd’s Europe has appointed three new board members - Bruno van Lierde, Nicole Verheyen and Amélie Breitburd. While a search process is underway for the recruitment of an additional independent, non-executive director, which would complete its leadership team.

"With these appointments we have the leadership in place at Lloyd’s Europe to oversee and deliver the right solutions for the market, to strengthen our relationships with our European regulators and key partners and ultimately to build our business in Europe," said Neal.

Van Lierde will take up the position as chair of the board and chair of the nomination and remuneration committee. He previously held the position of senior partner and managing director of Boston Consulting Group (BCG) in Brussels. Van Lierde joined BCG in 1991, setting up the Brussels office in 1993 and becoming chairman in 2006. He was a trusted advisor to CEOs and senior executives of financial institutions and insurance companies.

Verheyen has been appointed as chair of the audit and risk committee. She is a former audit partner at Ernst & Young (EY) and has more than 20 years insurance industry experience as an accredited auditor and qualified actuary. Verheyen currently holds the position of CFO and employee benefits director at Concordia NV and holds a board position at the Institute of Actuaries in Belgium (IABE).

Finally, Crawford-Ingle joins as a member of the LIC board of directors, appointed by LIC’s Shareholders (Corporation of Lloyd’s), and will also be a member of the LIC audit and risk committee. She currently chairs the audit committee for the Corporation of Lloyd’s.

The trio will join Amélie Breitburd in overseeing the new operating model for Lloyd’s Europe, where they will work together to harness the opportunities for growth in Europe through a clear vision and strategy.

Van Lierde said: “I am very much looking forward to getting started in my new role, building relationships and dialogue with our key stakeholders in Europe, with government, regulators and policymakers as well as providing leadership and guidance to Lloyd’s Europe. I have already had fruitful discussions with Lloyd’s Executive Committee on the future direction for Lloyd’s Insurance Company as the launchpad for our continental European business. I would like to thank Michel Flamée for his expert leadership and I will look to build on his excellent work.”

Verheyen added: “The current operating model project provides an ideal opportunity to ensure our risk frameworks are optimised and we have the teams in place to fully support the market from a risk and audit perspective. Christian Noyer has provided a strong base for us and I’m committed to carrying on the rigorous approach in place as we look to optimise our operating model.”

Breitburd commented: “I am thrilled that we have bolstered our Board and leadership team and will shortly be complete. The incredibly high calibre of appointments and invaluable experience the team will add will only serve to augment the already successful work of LIC.”

Did you get value from this story?  Sign up to our free daily newsletters and get stories like this sent straight to your inbox.