12 December 2014 Insurance

Lloyd’s appoints finance director

The Council of Lloyd’s has appointed John Parry, the acting director of finance, as Lloyd’s director of finance.

Parry will also become a member of the Lloyd’s Franchise Board.

He is responsible for the financial reporting of the worldwide Lloyd's insurance market's results and capital adequacy to analysts, investors, regulators and rating agents.

Finance also covers treasury & investment management, with over £5 billion of funds under management, including the assets of the central fund, and the tax affairs of the Corporation and Lloyd’s market in the UK and overseas.

Inga Beale, Lloyd’s chief executive officer, said: “I’m very pleased John has been appointed as Lloyd’s director of finance. John has made a positive impact since he took over the position in the summer and I know the team here and the market participants are looking forward to continuing their work with him.”

Parry added: “I’m delighted to be taking on the role of director of finance on a permanent basis. Finance at Lloyd’s is central to achieving our strategic goals; I see my role very much as helping the market to remain as the global centre for specialist re/insurance, supported by the strength of the central fund and Lloyd’s ratings.”

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