Lloyd’s has promoted Alexandra Cliff to CFO, effective from May.  

She will take over from Burkhard Keese, who is leaving to focus on investment roles in the German insurance market.

Mr Keese will remain a strategic adviser to Lloyd’s, focusing on the development of risk transfer vehicle London Bridge 2.

CEO John Neal says Ms Cliff has played a vital role in securing ratings upgrades, building the Lloyd’s investment proposition and transforming market reporting.  

“I have no doubt she will continue to deliver,” he said.  

Ms Cliff joined Lloyd’s as deputy CFO in 2022 and is on its executive committee. She has held senior finance roles with insurance and broking companies including Gallagher, Direct Line Group and StarStone, and spent eight years at PwC in London and the US.

Mr Neal says Mr Burkhard has been integral in elevating Lloyd’s financial strength ratings and attracting high-profile capital investment.