Tom Bolt will be new underwriting performance director

Lloyd’s has confirmed that Tom Bolt has been appointed as the new underwriting performance director.

He will take up the post in the early Autumn, replacing Rolf Tolle who will retire at the end of the year.

Bolt has over 25 years experience in international insurance and reinsurance across the UK, US and Europe, most recently as managing director of Marlborough Managing Agency. Before joining Marlborough, Bolt was head of the European division at Berkshire Hathaway.

In his role as underwriting performance director, Bolt and his team will be responsible for working with individual Lloyd's businesses to improve the commercial performance of the market. This includes monitoring each syndicate’s performance against its business plan and ensuring that the underwriting guidelines are adhered to.

Lloyd’s CEO, Richard Ward said: “I am delighted that Tom has accepted the role of underwriting performance director. He has a great reputation and track record, and the perfect mix of technical knowledge and commercial experience that will enable him to work in partnership with the market.

“Rolf has done a fantastic job for the market over the last six years. As we move into a new era, Tom will be able to shape the role even further to develop our relationship with the businesses in the market.”

Tom Bolt said: “This is an exciting time to be joining Lloyd’s. I am delighted to be taking on this role and look forward to working with Richard Ward, the team and the market.”