London Market Group (LMG) looks to AXA XL's UK brass for leadership

The  London Market Group (LMG) tapped  AXA XL's top officer at  Lloyd's and a one-term LMG management board vet to take the organization's reins for the pending three-year term.

Sean McGovern (Pictured), CEO for AXA XL for UK & Lloyd’s will take the post from the beginning of 2023, taking over as Matthew Moore, an executive VP and president underwriting at Liberty Mutual Global Risk Solutions steps down at the conclusion of his three-year term.

incoming group chair McGovern commented: “I have served on the board of the London Market Group since 2019, leading its regulatory and government relations work for most of that time. This has allowed me to see first-hand exactly how critical cross-market support is for projects that can stimulate growth, promote our interests as an industry and deliver positive change. I look forward to working with Board and the CEO on all of these challenges as the LMG’s new Chair.”

Outgoing LMG chair Moore added: “The last three years have particularly challenged the London Market’s preeminent position as the leader for specialty insurance. During this time the LMG has responded with characteristic energy and intelligence to plot out our path for future success. Our relationships with UK government, international customers and brokers, and market practitioners have never been stronger. Our recently launched initiative to attract a better pipeline of smart and diverse talent to our market is a perfect example of what the LMG can achieve. I am delighted that Sean is taking on the Chair.  He has a depth and breadth of experience in the London Market that will be invaluable in continuing to build the work on which the LMG is focused.”

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