Lloyd’s of London CFO Burkhard Keese is to depart the market to give attention to funding roles within the German insurance coverage sector, however he’s set to stay a strategic advisor with a give attention to creating the danger switch car London Bridge 2.
Keese began his time at Lloyd’s in 2019 and whereas CFO has performed a key position in creating the market as a horny and accessible venue for international traders to put their capital in opposition to insurance coverage and reinsurance dangers, via the London Bridge 1 and a pair of insurance-linked securities (ILS) buildings.
It was not too long ago reported that Lloyd’s London Bridge risk transformation and insurance-linked securities (ILS) platform has now seen $1.92 billion of capital deployed through its cells, with $2.55 billion of capital committed.
Keese has performed an instrumental position in turning the UK-based ILS construction into an environment friendly route for traders, together with some ILS funds, to deploy capital into the Lloyd’s market, with the construction also being used for catastrophe bond issuance.
Keese shall be succeeded within the Lloyd’s CFO position by Alexandra Cliff from Might 2025.
Cliff joined Lloyd’s as Deputy CFO in November 2022 and serves on the Govt Committee. She has greater than 20 years of expertise within the insurance coverage business, with senior finance roles held at Direct Line Group, StarStone, and AJ Gallagher and likewise having spent eight years at PwC in each London and the US.
John Neal, Lloyd’s CEO, commented, “Since becoming a member of Lloyd’s as Deputy CFO, Alex has performed an important position in attaining our enhanced monetary energy, together with current scores upgrades, constructing our funding proposition and reworking market reporting. She is a well-respected member of the Govt Committee, and I’ve little doubt she’s going to proceed to ship in opposition to our strategic priorities as CFO.
“I want to thank Burkhard for his work guiding Lloyd’s to a few of its best-ever monetary outcomes and his execution of the capital proposition, which has made Lloyd’s extra resilient than ever. He has been integral in elevating Lloyd’s monetary energy scores and attracting high-profile capital funding to the market.”
