The new appointment ’will be a huge asset to Lloyd’s as we continue to enhance the performance of our market,’ says chief of markets
Lloyd’s of London has appointed Rachel Turk as its new chief underwriting officer (CUO), according to a statement released today (25 May 2023).
Turk will be responsible for managing the performance of the Lloyd’s market, including leading the underwriting function to support its strategic goals.
She will also be responsible for leading discussions with all market stakeholders – including insurers, brokers and customers – on their sustainability strategies.
Patrick Tiernan, chief of markets at Lloyd’s, said: “Under [Turk’s] leadership of underwriting at Lloyd’s, I’m confident we’ll continue to take the Lloyd’s market from strength to strength and by doing so, achieve our aim of attracting the very best underwriters, capital and talent to our market to solve the problems that customers are facing”.
Stellar reputation
Turk joined Lloyd’s from insurer Beazley, where she spent over 14 years in management roles, including her latest position as group head of strategy and executive committee member.
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Before this, she led the US directors and officers underwriting team at the insurer.
Tiernan added: “Her stellar reputation in the industry, alongside her technical expertise and market knowledge, will be a huge asset to Lloyd’s as we continue to enhance the performance of our market.”
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