Burkhard Keese to replace John Parry, who is retiring after five years in the role

Following a unanimous decision, Burkhard Keese (pictured) has been confirmed as the new chief financial officer of Lloyd’s.

Keese will take up his position at Lloyd’s on 1 April 2019, following 14 years at Allianz Group.

Since 2012 he has been the chief financial officer of Allianz Deutschland AG, Germany´s largest insurer with over €34bn in premiums.

He has also been executive vice president and chief operating officer of the global finance function of Allianz.

John Neal, chief executive officer of Lloyd’s, said: “I am delighted to welcome Burkhard to Lloyd’s. He is an accomplished Chief Financial Officer with leadership experience across financial, capital and investment management as well as proven expertise in business transformation.

“Burkhard joins Lloyd’s at an exciting time. We are working with all our stakeholders to significantly improve near term profitability and to ensure Lloyd’s can remain at the forefront of commercial, corporate and specialty insurance and reinsurance for years to come.”

Commenting on his appointment, Keese added: “It has been a tough decision to leave Allianz Deutschland, but I’m excited to join Lloyd’s in 2019 as its chief financial officer. For me, it is an incredible opportunity to play a part in Lloyd’s success.

“For 330 years Lloyd’s has been taking on the world’s risks and that longevity demonstrates its enduring relevance. As one of the oldest and most respected insurance brands in the world, there is nothing else like it, and I’m thrilled to be given this opportunity.”