25 May 2023Insurance

Lloyd’s picks Beazley veteran for top underwriting post

Insurance and reinsurance marketplace  Lloyd’s of London has appointed a new chief underwriting officer (CUO) from Beazley.

Rachel Turk (pictured) is to assume the role of CUO at Lloyd’s. Her start date will be announced in due course.

Turk will be responsible for managing the performance of the Lloyd’s market, including leading the underwriting function to support the Corporation’s strategic goals. Additionally, she will be leading the discussion with all market stakeholders, including insurers, brokers, and customers on their sustainability strategies.

Turk is a board member of the Lloyd’s Market Association (LMA) and the London Market Group (LMG). She joins Lloyd’s from Beazley where she spent over 14 years in management roles, including her latest position as group head of strategy and executive committee member. Prior to that, Turk led the US directors & officers underwriting team at Beazley. She was formerly an equity analyst at JP Morgan Cazenove and is a qualified accountant.

Turk will report to Lloyd’s chief of markets, Patrick Tiernan, who said: “I’m excited that Rachel is joining Lloyd’s as our Chief Underwriting Officer. Her stellar reputation in the industry, alongside her technical expertise and market knowledge, will be a huge asset to Lloyd’s as we continue to enhance the performance of our market.

“Under her leadership of underwriting at Lloyd’s, I’m confident we’ll continue to take the Lloyd’s market from strength to strength, and by doing so, achieve our aim of attracting the very best underwriters, capital and talent to our market to solve the problems that customers are facing.”

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