Ex-Aviva leader appointed new Lloyd’s chief executive

Insurance marketplace Lloyd’s has appointed Patrick Tiernan as its new chief executive.

Tiernan, who succeeds John Neal, will commence his tenure as the new top boss on 1 June 2025.

He was appointed by the Council of Lloyd’s, with new chair Sir Charles Roxburgh – who took up the role on 1 May 2025 – saying that his “first priority has been to appoint a new chief executive”.

“I am therefore delighted that Tiernan will be leading Lloyd’s in the next stage of its strategic development,” Roxburgh said.

“The search process demonstrated to me and my colleagues on the Lloyd’s Council that he was the outstanding candidate for this role. I look forward to working with him, and with all of our market participants, to ensure the future success of Lloyd’s.”

Experience

Tiernan joined Lloyd’s in May 2021 as the organisation’s first chief of markets, responsible for underwriting, claims, exposure management, market oversight and international regulation, distribution, new entrant strategy, Lloyd’s Global Network, Lloyd’s Lab, Lloyd’s Academy and Lloyd’s global agents.

Before joining Lloyd’s, he held several roles at Aviva, including managing director of commercial lines and global corporate and specialty, as well as chief financial officer.

Previous to this, he was the chief operating officer at StarStone Insurance and chief executive at Zurich’s Centrally Managed Businesses.

Roxburgh said: “His profound understanding of the market, coupled with his commercial acumen and industry expertise, will ensure Lloyd’s continues to focus on delivering consistent and disciplined performance.”

Tiernan added: “It is an immense privilege to be chosen as the next chief executive at Lloyd’s. I am excited to lead such a talented and dedicated group of people.

“I have strong confidence in what we can achieve together and look forward to adding another successful chapter to the history of this storied institution.

“My primary focus will be supporting the commercial success of our market participants, while keeping an iron grip on underwriting discipline and safeguarding the financial strength of the corporation.

“We will work at pace to spur innovation, deliver an open and efficient model that accentuates the unique advantages of the Lloyd’s network, and foster an inclusive culture that attracts the best talent from around the world.”