Lloyd’s reveals new advisory committee of industry veterans as it forges ahead with bold new strategy

Specialist insurance and reinsurance market Lloyd's of London has formed global and London advisory committees to support its " bold new strategy" for the future.

The members of the advisory committees are comprised of a number of prominent figures from across the global insurance industry. These include Amanda Blanc, chair of the Association of British Insurers (ABI); Greg Case, CEO of Aon; Sian Fisher, CEO of the Chartered Insurance Institute (CII); Dan Glaser, president and CEO of Marsh & McLennan; Evan Greenberg, chairman and CEO of Chubb; and John Haley, CEO of Willis Towers Watson.

The advisory committees will be responsible for supporting the creation of the future at Lloyd’s, which it said would be focused on offering better value for customers through cutting-edge risk management products and services, simplifying access to the market, reducing the cost of doing business, and building an inclusive, innovative culture that attracts the best talent.

John Neal, Lloyd’s CEO, said: “This is an exciting time for us all as we drive forward the next stage in Lloyd’s evolution and I am delighted that we have the support of a number of global industry leaders, as well as the market associations representing some of our key stakeholders. Together with the feedback and insights we are gathering from our wide-ranging consultation, the advisory committees will play a critical role in providing guidance and advice as we develop and implement a blueprint for the future at Lloyd’s.”

According to Christopher Croft, CEO of LIIBA: “The creation of this Board further fulfils Lloyd’s commitment to a collaborative, cross-market approach. Roy and I are happy to be part of this important work for the future of our industry.”