James to leave Lloyd’s
Lloyd’s Director of Worldwide Markets Julian James is leaving the market to become Executive Chairman of the re-branded risk management business of Alexander Forbes, which US broker Lockton bought late last year.
Industry observers suggest the move could have something to do with the fact that Mr James, who has been with Lloyd’s for nine years, wasn’t chosen as CEO last year. The role went to Richard Ward.
It’s believed Mr James, who had worked closely with Chairman Lord Peter Levene for the past few years, was the only internal CEO candidate.
In a statement Mr Ward said Mr James has assisted the company in expanding its global presence. “In recent years he has helped to expand Lloyd’s global presence by improving the market’s position in the US, building a platform in Asia, helping to gain access to the Chinese market and co-ordinating the market’s response to 9/11 and Hurricane Katrina.”
The insurer is yet to announce a replacement.
Meanwhile, Lloyd’s continues to increase its capacity. This year it will be a record £16 billion ($40.5 billion) compared to £14.8 billion ($37.4 billion) last year.
Industry observers suggest the move could have something to do with the fact that Mr James, who has been with Lloyd’s for nine years, wasn’t chosen as CEO last year. The role went to Richard Ward.
It’s believed Mr James, who had worked closely with Chairman Lord Peter Levene for the past few years, was the only internal CEO candidate.
In a statement Mr Ward said Mr James has assisted the company in expanding its global presence. “In recent years he has helped to expand Lloyd’s global presence by improving the market’s position in the US, building a platform in Asia, helping to gain access to the Chinese market and co-ordinating the market’s response to 9/11 and Hurricane Katrina.”
The insurer is yet to announce a replacement.
Meanwhile, Lloyd’s continues to increase its capacity. This year it will be a record £16 billion ($40.5 billion) compared to £14.8 billion ($37.4 billion) last year.