Lloyd’s has appointed Rachel Turk to the new role of Chief Underwriting Officer, responsible for managing the performance of the Lloyd’s market and leading the underwriting function to support the corporation’s strategic goals.  

Ms Turk has held management roles at Beazley for more than 14 years, most recently Group Head of Strategy and Executive Committee member, and formerly led the US Directors & Officers underwriting team. She also held the role of equity analyst at JP Morgan Cazenove and is a qualified accountant.     

“Her stellar reputation in the industry, alongside her technical expertise and market knowledge, will be a huge asset to Lloyd’s,” said Chief of Markets Patrick Tiernan, who Ms Turk will report to. 

"I’m confident we’ll continue to take the Lloyd’s market from strength to strength, and by doing so, achieve our aim of attracting the very best underwriters, capital and talent to our market to solve the problems customers are facing.” 

Ms Turk is a board member of the Lloyd’s Market Association and the London Market Group and will also be responsible for leading the discussion on sustainability strategies with all market stakeholders, including insurers, brokers, and customers.