22nd Jan 2021 10:18
(Alliance News) - Insurance and reinsurance market Lloyds of London on Friday said it has appointed Aviva PLC's Patrick Tiernan to a newly created role of chief of markets.
Tiernan will join Lloyd's from Aviva where he is currently the managing director of the insurer's UK Commercial Lines & Global Corporate & Speciality unit, and was previously chief financial officer of Aviva Insurance Ltd.
"Patrick has 24 years of experience in the insurance industry, including serving as group chief operating officer at Starstone Insurance and chief executive officer of Zurich Insurance Group AG's Centrally Managed businesses. He is chair of the International Underwriting Association and sits on the London Market Group's board of directors. He is also on the board of ClimateWise and the Innovation Working Group of the Bank of England's Climate Financial Risk Forum," Lloyds added.
Lloyds Chief Executive John Neal said: "I'm thrilled that Patrick will be joining Lloyd's in this newly created role. As a highly regarded industry executive with leadership experience across business and financial management, Patrick joins Lloyd's at an exciting time. Our overarching priorities of performance, digitalisation, culture, together with a new 'purpose' pillar, are paramount and drive everything we do in the Corporation and across the market.
"Patrick will progress these priorities to deliver the impact and results we need right across the market from customer and distribution, through to underwriting business and oversight."
Shares in Aviva were up 0.2% in London on Friday at 350.20 pence each.
By Paul McGowan; [email protected]
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