Lloyd’s picks Aviva exec for newly created chief of markets role

Lloyd’s of London has appointed Patrick Tiernan to the newly created role of chief of markets to oversee market performance and distribution.

Tiernan will join the corporation from Aviva where he is currently the managing director of UK commercial lines & global corporate & speciality, and previously the chief financial officer of Aviva Insurance.

Tiernan has 24 years of experience in the insurance industry, including serving as group chief operating officer at Starstone Insurance and chief executive officer of Zurich’s centrally managed businesses.

He is chairman of the International Underwriting Association (IUA) and sits on the London Market Group’s board of directors. He is also on the board of ClimateWise and the Innovation Working Group of the Bank of England’s Climate Financial Risk Forum.

John Neal, chief executive officer of Lloyd’s, said: “I’m thrilled that Patrick will be joining Lloyd’s in this newly created role. As a highly regarded industry executive with leadership experience across business and financial management, Patrick joins Lloyd’s at an exciting time. Our overarching priorities of performance, digitalisation, culture, together with a new ‘purpose’ pillar, are paramount and drive everything we do in the Corporation and across the market.

“Patrick will progress these priorities to deliver the impact and results we need right across the market from customer and distribution, through to underwriting business and oversight.”

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