Lloyd’s strategy and change director leaves after 12 months

The Lloyd’s of London strategy and change director Paolo Vagnone is leaving the corporation after 12 months in the job.

Vagnone was hired in November 2016 to lead the teams developing Lloyd’s strategy, as well as managing major change projects. He was reporting directly to CEO Inga Beale.

While the circumstances of Vagnone’s departure are not fully known, Beale said:  “Paolo Vagnone will be leaving Lloyd's at the end of this year, having completed a successful review of Lloyd’s strategy.”

“He joined us in January with a remit to refresh the strategy and oversee the new organisational design of Lloyd’s Corporation. That work has been done, and once the updated strategy has gone through Lloyd’s Board and Council, the focus will turn to implementation by the Executive Committee.  As such Strategy and Business Transformation will now become more business as usual functions.

“We are grateful to Paolo for his hard work and insight.

“He leaves with our thanks and best wishes as he moves on to his next opportunity.”

Sign up to our free email newsletters

Other stories from Friday's PM newsletter

AIG $836m Q3 reserve charge puzzles analysts

Arch board member Kewsong Lee resigns

Don't miss our insurtech email newsletter - sign up today