vincent-vandendael_lloyds
Vincent Vandendael; Source: Lloyd's
31 August 2018Insurance

Vandendael leaves Lloyd’s to become Everest CEO international

Lloyd’s chief commercial officer Vincent Vandendael has decided to leave the corporation after almost six years to become CEO international at Everest Insurance in early 2019.

Vandendael joined Lloyd’s in December 2012 as chief commercial officer, responsible for all business development. He also leads Lloyd’s global network, which extends to 31 offices that support Lloyd’s licences to operate in over 200 territories worldwide.

Vandendael is credited for his role in driving innovation in the Lloyd’s market and in establishing the Lloyd’s Brussels subsidiary, which is due to open in 2019 ahead of the UK’s exit from the European Union.

Inga Beale, CEO at Lloyd’s, who is also leaving the corporation in 2019 after leading the global insurance and reinsurance market for five years, commented: "Lloyd’s international network has flourished under Vincent’s leadership. We have seen strong and steady growth in established territories like the US, whilst building and developing Lloyd’s presence in China, Dubai and Singapore and winning new licences for the Lloyd’s market in countries that include Colombia, India and Morocco.

"Vincent has energetically and enthusiastically flown the flag for Lloyd’s in every corner of the globe over the past six years. He will be greatly missed by the market and by everyone here at Lloyd’s. I have very much enjoyed working with Vincent and wish him every success in his new role," Beale added.

Vandendael said: "Lloyd’s is a tremendous global brand and it has been a privilege to work with such a talented and committed team over the past six years. Although I have decided it is time for me to move on, I look forward to seeing the Lloyd’s market continue to go from strength to strength in the years ahead."

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More on this story

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29 June 2018   When she took the reins in January 2014, Lloyd’s CEO Inga Beale became the first woman to head the 330-year old market for specialist insurance in London. She is stepping down while the modernisation process is very much a work in progress – a decision she has called tough – though most market participants credit her with having moved the market forward in a positive direction.
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3 September 2018   Everest Insurance, the specialty insurance division of Bermuda-based Everest Re Group, has hired Lloyd’s chief commercial officer Vincent Vandendael as CEO of Everest Insurance international.
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19 October 2018   Bermuda-based Everest Re Group estimates pre-tax catastrophe losses for the third quarter of 2018 of $240 million, net of reinsurance.