Lloyd's has announced the team that will make up its new franchise board - and said it is still recruiting the franchise performance director.
The board has 11 members drawn from both inside and outside the Lloyd's market.
It consists of four non-executive members from outside the market - Roy Brown, Judith Hanratty, Stephen Hodge and Jim Stretton.
Three non-executive members from within the market are Stephen Catlin, Edward Creasy and Andrew Kendrick.
They will be joined from the Corporation of Lloyd's by Lord Levene, Nick Prettejohn and Andrew Moss.
Lloyd's chairman Lord Levene said: "The franchise board is one of the lynchpins of the Lloyd's reforms and its formation shows that change is truly under way."
"The board provides a powerful focus for decision-making that the new Lloyd's franchise will need.
"The fact that the board combines both market supervisory and commercial roles means issues can be dealt with in a more coherent and efficient manner, with board members being given a real oversight of all the market's activities."
Lloyd's confirmed that the board will start work in January, replacing the Lloyd's Market Board and Lloyd's Regulatory Board, two of the market's older-style committees, as well as most of the sub-committees.
The franchise board was proposed as part of the programme of reforms created by the Chairman's Strategy Group and approved by the members of Lloyd's in a vote in September.
