Chief of Markets appointment
On Friday Lloyd's announced that it had appointed a replacement for Jon Hancock, Director of Performance Management at Lloyd's. Patrick Tiernan, will fill a new role that will oversee market performance and distribution, taking over from Jon Hancock who is CEO, International General Insurance, AIG.
Patrick has 24 years of experience in the insurance industry, is currently at Aviva serving as its Managing Director UK Commercial Lines & Global Corporate & Specialty; with previous roles as CFO of Aviva Insurance Limited, Group Chief Operating Officer at Starstone Insurance and CEO of Zurich’s Centrally Managed Businesses.
Other : Chairman of the International Underwriting Association (IUA) and sits on the London Market Group’s board of directors
Board member of ClimateWise and the Innovation Working Group of the Bank of England’s Climate Financial Risk Forum.
John Neal, Lloyd's CEO stated "I’m thrilled that Patrick will be joining Lloyd’s, and 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, strategy, culture, together with a new ‘purpose’ pillar, remain 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 businesses and oversight."
Membership, Underwriting and Investing at Lloyd's