10 September 2016 Insurance

RSA’s Hancock joins Lloyd’s as performance director

Jon Hancock, the managing director of UK commercial at RSA, is set to join Lloyd’s as director of performance management.

Hancock, who also serves as global broker relationship director at RSA, will take up the new role on December 1, 2016.

He succeeds Theresa Froehlich who currently serves as interim performance director.

Froehlich stepped in to the role after Tom Bolt, the former performance director was named as president for the UK and Southern Europe at Berkshire Hathaway International Insurance (BHIIL).

Hancock’s career has been spent with RSA, where he first started as a marine underwriter in the Liverpool office. He has also served as chief executive officer for Asia and the Middle East. Hancock took up his present role in July 2011.

Inga Beale, chief executive officer (CEO) of Lloyd’s, said: “This is a tremendous appointment for Lloyd’s and for the market. Jon is a man who has lived and breathed insurance his entire working life and understands instinctively the challenges facing the market and how we should respond to them.”

She added: “It says everything about the attractiveness of the Lloyd’s brand that Jon wanted to come here after a career at RSA where he has held senior positions in the UK, Asia and the Middle East. I look forward to working with him.”

Hancock said: “It has been a real wrench for me to decide to leave RSA after such a long, varied and enjoyable career there, but the opportunity to work with Inga and the Lloyd’s market is one which is impossible to ignore and one which I am incredibly excited about. Lloyds is a unique and wonderful brand, and one I am extremely proud to be joining.

RSA said the search for a successor is now underway. Hancock will continue to lead the UK commercial business until the end of October.

Steve Lewis, UK & Western Europe chief executive at RSA, said: “After over 25 successful years at RSA, Jon Hancock is leaving RSA to take up the position of director, performance management at Lloyd’s of London.

“We are grateful to Jon for his support, dedication and service, but knowing Jon’s passion for the wider insurance industry, his new role at Lloyd’s provides him with an interesting new chapter in his career. He will be missed and we wish him every success for the future.”

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