Lloyd’s of London appoints new chief financial officer

Lloyd’s of London has appointed Alexandra Cliff as its new chief financial officer.

Cliff will succeed Burkhard Keese and her appointment will come into effect on 1 May 2025.

Cliff joined Lloyd’s in November 2022 as deputy chief financial officer. She previously held senior finance roles in insurance and broking firms such as Direct Line Group, StarStone and AJ Gallagher.

Her appointment comes just after she hinted that the marketplace was looking to see progress on its Blueprint Two initiative in the coming weeks during the Fitch Ratings Insurance Insights event in London last week (23 January 2025).

John Neal, chief executive at Lloyd’s, said: “Since joining Lloyd’s as deputy chief financial officer, Cliff has played a vital role in achieving our enhanced financial strength, including recent rating upgrades, building our investment proposition and transforming market reporting.

“She is a well-respected member of the executive committee and I have no doubt she will continue to deliver against our strategic priorities as chief financial officer.”

Predecessor 

Meanwhile, Keese joined the marketplace in 2019 as chief financial officer. Among achievements include growing Lloyd’s investment platform and risk transformation vehicle London Bridge to attract new capital providers.

Keese is leaving Lloyd’s to focus on investment roles in the German insurance market. However, he will remain a strategic advisor to Lloyd’s.

Neal said: “I would like to thank Keese for his work guiding Lloyd’s to some of its best-ever financial results and his execution of the capital proposition, which has made Lloyd’s more resilient than ever.

“He has been integral in elevating Lloyd’s financial strength ratings and attracting high-profile capital investment to the market.”