Life Insurance

Lloyd’s of London brings in major name as first-ever markets chief

Aviva Plc’s Patrick Tiernan is moving to Lloyd’s of London to take on a newly created role.

Tiernan, who chairs the International Underwriting Association and serves as managing director of UK commercial lines and global corporate & speciality at Aviva, has been named chief of markets at Lloyd’s. As markets chief, he will be in charge of overseeing market performance and distribution.

Commenting on the appointment, a “thrilled” John Neal said: “As a highly regarded industry executive with leadership experience across business and financial management, Patrick joins Lloyd’s at an exciting time.”

The new chief of markets brings 24 years of insurance industry experience to the post. This includes time spent at Starstone Insurance and Zurich.

“Our overarching priorities of performance, digitalization, culture, together with a new ‘purpose’ pillar, are paramount and drive everything we do in the corporation and across the market,” noted Neal, Lloyd’s chief executive.

“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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