Outgoing Lloyd’s chief executive looks forward to syndicate’s ‘continuing international success’

richard ward - insurance times

Outgoing Lloyd’s chief executive Richard Ward will become the chairman of Brit Syndicates on 1 February.

Brit Group chief executive Mark Cloutier said: “Over the past three years we have transformed Brit into a global specialty insurer and re-insurer operating solely through our Lloyd’s of London platform.

“Richard’s experience and understanding of the global marketplace is second to none and I am extremely pleased he will be bringing his great depth of experience and knowledge to Brit.”

Ward said: “Brit is evolving into a world leader in specialty insurance. Mark and the team have done a great job reshaping the business in recent years, and I very much look forward to playing a part in their continuing international success.”

The non-executive position has been vacant since June, when Nick Prettejohn joined the board of the Prudential Regulatory Authority.

Cloutier added: “I would also particularly like to thank those board members who have taken on additional board responsibilities during the past few months as we have carried out the search for a chairman”.

Ward will leave Lloyd’s at the end of the month after eight years.