Lloyd’s elects trio to bolster franchise board

Lloyd's, the specialist insurance and reinsurance market, has appointed Mike Bracken, Nigel Hinshelwood and Fiona Luck to its franchise board as non-executive directors for a three-year period commencing March 1, 2018.

The Lloyd's franchise board manages all of the affairs of the corporation and supervises, regulates and directs the business of insurance at Lloyd’s.

Luck has over 25 years’ experience in insurance and reinsurance. She has been a non-executive director of the Bermuda Monetary Authority which regulates the financial services on the island since 2013. Previously, she was non-executive director at Catlin Holdings and Allied World Holdings and, prior to that, spent a decade at XL Capital, in a variety of senior roles including chief of staff to the CEO and executive vice-president responsible for strategy, global HR, IT and corporate social responsibility.

Bracken was formerly chief digital officer at the Co-Op Group and prior to that, he spent four years as the UK government's executive director, digital and also as chief data officer. In this role, he created the government digital service, the organisation behind GOV.UK and the transformation of mainstream government transactions.

Hinshelwood was most recently head of the UK and deputy chief executive officer of HSBC Bank. He had a 12-year career at HSBC, where he was a group general manager, in a variety of senior global roles including global head of operations, chief operating officer for Europe, Middle East and Africa, head of HSBC Insurance Holdings and head of business transformation. Prior to joining HSBC, he was a partner at Ernst & Young (subsequently Cap Gemini Ernst & Young) where he held numerous positions including head of financial services and chief executive officer of Southeast Asia.

Commenting on the appointments, chairman Bruce Carnegie-Brown said: “These are great appointments for Lloyd’s. Mike, Nigel and Fiona bring experience and expertise from across the business spectrum from insurance to banking to technology, built up over the last twenty-five years. The Corporation will undoubtedly benefit from their expertise and I am looking forward to working with them.”

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