Lloyd’s names strategy and change director; promotes from within

Lloyd’s of London has appointed Paolo Vagnone as strategy and change director, and promoted Hilary Weaver as chief risk officer.

Reporting to chief executive Inga Beale, Vagnone will be responsible for leading the teams developing Lloyd’s strategy, as well as managing major change projects. Vagnone has over 20 years of experience in senior insurance roles, having most recently served as head of global business lines at Assicurazioni Generali.

Vagnone said: “I am thrilled to be taking on this new role at Lloyd’s. It is vital in today’s competitive environment that businesses have a clear strategic approach that will enable them to navigate the numerous challenges they face.

“I look forward to applying my experience of the industry to this role and helping Lloyd’s continue to thrive and deliver the innovative insurance and reinsurance solutions businesses need across the globe.”

In her new role, Weaver will have responsibility for risk governance and for Lloyd’s regulatory and government affairs.

Weaver has worked at Lloyd’s for 14 years, and previously served as head of internal audit leading internal audit services for Lloyd’s globally as well as the validation work for Lloyd’s Solvency II internal model.

Prior to Lloyd’s, she worked at KPMG for nearly 13 years.

Weaver commented: “There has never been a more critical or exciting time to be overseeing our relationships with government and regulators. The years ahead promise to offer numerous challenges and I look forward to designing and delivering mitigation plans to cope with the risks that may arise.”

Beale added: “The appointment of Paolo and Hilary is another example of Lloyd’s being able to attract the best talent from the industry as well as highlighting the talent that is already working in Lloyd’s.

“Paolo brings with him considerable experience that will be vital in ensuring that we have a clear strategic approach in what promises to be an exciting and unpredictable time.

“In the last six months, Hilary has already demonstrated the ability to manage the key relationships with government and regulators and she will be absolutely critical to us in the months ahead as we prepare for life outside the European Union.”