As director of performance management Bolt is responsible for the commercial performance of Lloyd’s

Tom Bolt

Lloyd’s of London director of performance management Tom Bolt is leaving the corporation in mid-2016 after almost seven years with the business.

In his role he is responsible for the commercial oversight of the Lloyd’s market, working with individual syndicates to improve the market’s overall performance.

During his time at Lloyd’s, he led the introduction of a minimum standard framework for Lloyd’s managing agents.

He also delivered the Claims Transformation Programme aimed at improving the speed of claims payments and oversaw significant improvements to the delegated authority distribution network.

Prior to joining Lloyd’s he was managing director of Marlborough Managing Agency and also assisted in the formation of Bankers Trust Insurance Derivatives business, as well as a related group of insurance and reinsurance companies.

Lloyd’s chief executive Inga Beale Inga Beale said: “Tom has made an outstanding contribution to the strength and success of the Lloyd’s market as it is today.

“He is respected and admired in the market, working closely with the underwriting community to ensure that the Lloyd’s market can flourish in what have been challenging times. I have enjoyed working alongside Tom immensely and wish him every success in the future.”

Commenting on his departure Bolt added: “Working at Lloyd’s has been a highlight of my career, and the decision to leave a difficult one.

“I have enjoyed working alongside the market and my team at Lloyd’s, and proud of what we have achieved together. However the time is now right for me to hand over the reins and explore new opportunities”.

Lloyd’s said it would start the search process to find Bolt’s successor immediately.