Beazley CFO to leave business after 18 years
Specialist re/insurer Beazley’s chief financial officer (CFO) is to leave the business next year after over 18 years.
Sally Lake (pictured) has informed the Beazley’s board of her intention to leave the company in 2024 after the completion of her 12 month notice period.
Lake joined Beazley in January 2006, initially working within the specialty lines division focusing on claims actuarial. In 2012, she advanced to the role of reserving manager in the group actuarial team. Subsequently, in July 2014, she achieved the position of group actuary. Lake became group finance director in May 2019.
Beazley CEO Adrian Cox said: “Sally’s commitment to an orderly succession will conclude a remarkable career with Beazley. When Sally leaves Beazley she will have spent five years in the CFO role and over 18 years in the business.
“Sally and I have been colleagues at Beazley for more than 17 years; I will miss working with her. She is an outstanding colleague and role model who is dedicated to delivering Beazley’s sustainable growth agenda. We will thank Sally wholeheartedly for her leadership and valued contribution when she leaves next year and wish her every success in her next chapter.
Cox added: “I look forward to presenting our half year results and capital strategy with Sally as expected on 7 September 2023. Meanwhile our guidance on growth, combined ratio and the positive outlook for the business remain unchanged.”
Lake commented: “As I approach five years as CFO and after 18 years at Beazley, I believe now is the right time for the Board to begin an open, formal search for my successor. Beazley’s continued success remains my priority and I will look forward to remaining focused on delivering on our goals and a structured handover to my successor in 2024.”
Clive Bannister, chair of Beazley, said: “The Board takes this opportunity to thank Sally for her substantial contribution to Beazley’s success.”
Did you get value from this story? Sign up to our free daily newsletters and get stories like this sent straight to your inbox.
