3 November 2017Insurance

Lloyd’s strategy and change director leaves after 12 months

The Lloyd’s of London strategy and change director Paolo Vagnone is leaving the corporation after 12 months in the job.

Vagnone was hired in November 2016 to lead the teams developing Lloyd’s strategy, as well as managing major change projects. He was reporting directly to CEO Inga Beale.

While the circumstances of Vagnone’s departure are not fully known, Beale said:  “Paolo Vagnone will be leaving Lloyd's at the end of this year, having completed a successful review of Lloyd’s strategy.”

“He joined us in January with a remit to refresh the strategy and oversee the new organisational design of Lloyd’s Corporation. That work has been done, and once the updated strategy has gone through Lloyd’s Board and Council, the focus will turn to implementation by the Executive Committee.  As such Strategy and Business Transformation will now become more business as usual functions.

“We are grateful to Paolo for his hard work and insight.

“He leaves with our thanks and best wishes as he moves on to his next opportunity.”

Sign up to our free email newsletters

Other stories from Friday's PM newsletter

AIG $836m Q3 reserve charge puzzles analysts

Arch board member Kewsong Lee resigns

Don't miss our insurtech email newsletter - sign up today

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk


More on this story

Insurance
26 January 2018   Lloyd’s chief financial officer has mooted the idea that brokers should reduce the commission they make on business placed in the market as a way of reducing the overall cost of using Lloyd’s.
Insurance
18 December 2017   Lloyd’s of London is facing criticism for providing what some have dubbed “murder insurance” to gun owners across the USA, according to an article in The Times.
Insurance
14 November 2017   Reinsurers must step in to take the risks of natural catastrophes off the balance sheets of governments, taxpayers and businesses, according to Daniel Revilla, head of Latin America at Lloyd’s.