Lloyd’s taps Silicon Valley executive who served the Obama administration

Insurance and reinsurance marketplace  Lloyd’s of London has appointed a Silicon Valley-based technology executive and board director who previously served the Obama administration to the Council of Lloyd’s.

Joe Hurd (Pictured) will join the Lloyd’s Council in May 2023 replacing John Sununu, who will be stepping away to focus on his new role as non-executive chair, Lloyd’s Americas, where he replaces Dave Duclos.

Hurd currently works as an operating partner at global venture capital firm SOSV, supporting life sciences and hardware CEOs to drive product and market expansion. He has considerable professional experience and expertise in workforce engagement, data and sustainability on both US and UK listed company boards, and is currently a non-executive director with both Trustpilot Group and Hays.

Hurd previously worked at Linklaters and AOL before establishing himself as an entrepreneur with successful start-ups Friendster and VideoEgg. Previously, he was a non-executive director of GoCo Group (dba GoCompare) and was the lead independent director of SilverBox Engaged Merger Corp I. From 2009 until 2012, he served in the Obama Administration as a political appointee at the Department of Commerce, serving on the White House Business Council. He is a Member of the Council on Foreign Relations and the Trilateral Commission.

Bruce Carnegie-Brown, Lloyd’s chairman, said: “I’m excited to welcome Joe as a new member of Council. Joe’s digital expertise and extensive commercial and political experience add to the skills represented on Council and will also be valuable in progressing our work to build a sustainable and inclusive Lloyd’s.”

“I am very grateful to John Sununu for his contribution to the Council over the last four years and I look forward to continuing to work with him as Non-Executive Chair, Lloyd’s Americas,” he added.

Hurd said: “Lloyd’s has a unique and exciting opportunity to help society become more resilient, sustainable and inclusive in the years ahead – and some tricky challenges to overcome in order to get there. The Blueprint Two project will create the most advanced insurance marketplace in the world with better, faster and cheaper digital transactions across the board – and I’m privileged to help support that important work. I’m excited to work with Bruce, John Neal and the entire team over the next few years.”

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