Insurance market splits Savage’s old position into two new roles

Lloyd’s director of finance and operations Luke Savage will leave the insurance market this summer to become chief financial officer of Standard Life.

Savage has held the position for the past 10 years.

Following his departure, Lloyd’s is to split Savage’s old position into two roles.

It has hired Catlin group operations head and UK chief operating officer Shirine Khoury-Haq as director of operations.

Lloyd’s head of finance John Parry will take over as interim director of finance until a permanent replacement is found.

Lloyd’s chief executive Inga Beale said:  “Luke has played a huge role in Lloyd’s over the last 10 years and has been instrumental in preparing the market for Solvency II. I would like to thank him for all his hard work and wish him every success in his new role.

“I’m delighted to welcome Shirine to Lloyd’s, in what is a new role on the executive team. She brings a wealth of experience to the team and will lead our key strategic priority of market modernisation.

“I am also very pleased that John Parry will be stepping up to become our interim director of finance.”