Catlin's Jardine to head up underwriting community

Paul Jardine, chief executive, Catlin Underwriting Agencies, has been elected chairman of the Lloyd’s Market Association (LMA), the body which represents the Lloyd’s underwriting community.

Jardine succeeds Andrew Kendrick, who has stepped down from the chairman’s position following the end of his tenure. Kendrick will continue to be a member of the LMA Board.

Jardine said: “The market cannot afford to be complacent following the record results of 2006. Disciplined underwriting, professional standards - in terms of skills and qualifications - and the ever closer attention of the regulators, both domestic and international, are just some of the issues that we face this year.

“The LMA has positioned itself as the representative voice of the market. During my tenure as chairman, the LMA will lead the market in championing the important issues that are central to the achievement of a profitable and appropriately regulated market.”

Jardine will lead the LMA board in pursuit of its long term strategic objectives, which are to increase the flow of profitable business into the market, maintain capital flexibility and reduce costs.

The LMA’s new deputy chairman is Barnabas Hurst-Bannister, chairman, St Paul Travelers Syndicate Management, who was also elected by the LMA board at yesterday’s board meeting.

David Gittings, chief executive of LMA, said: “Paul’s passion for success will be a great asset in strengthening our conviction to work on issues which are of fundamental importance to underwriting businesses at Lloyd’s. I thank Andrew for the significant progress achieved under his tenure.”