Former US Ambassador to the UK, Philip Lader is to join the Lloyd's Council as a nominated member.
Lloyd's said Ambassador Lader, who served as US Ambassador to the UK between 1997 and 2001, had extensive global business and government experience.
He is currently non-executive chairman of global advertising and communications services group WPP Group, and also serves on several other boards, including marathon Oil, RAND and AES Corporation, said Lloyd's. It said he was also a senior adviser to Morgan Stanley.
Lader served in president Clinton's cabinet as administrator of the US small business administration, and was previously White House deputy chief of staff and assistant to the president and deputy director for management of the office of management and budget, said Lloyd's.
Lloyd's chairman Lord Levene, said: “I am delighted to welcome someone of the standing and experience of Ambassador Lader to the Lloyd's Council at such a critical point in our development.
“His outstanding track record in shaping the strategic development of successful global enterprises will be invaluable to Lloyd's as we move forward both domestically and in key international markets.
“Ambassador Lader's intimate knowledge of US government affairs and geo-politics will be of particular value to Lloyd's, given that 38% of our income derives from the US and that we are actively pursuing a number of policy issues in the US and elsewhere. I very much look forward to working with him”.
