The London Market Group (LMG) has announced the appointment of Sarah Hughes, chief executive officer (CEO) of Howden Specialty, as a new board member, representing the London & International Insurance Brokers Association (LIIBA).
Hughes' elevation to the board reflects her extensive background in the insurance sector. Recently, she held the role of global practice leader for Financial Lines at Howden Specialty in February 2020, preceding her promotion to CEO in October of the same year.
Hughes' professional journey also includes significant tenure at JLT Specialty Limited, where she served in various capacities including CEO for financial lines and senior partner for the financial lines group, amassing over nine years of experience in these roles.
Sean McGovern, the chair of LMG, praised Hughes’ addition and highlighted her wealth of industry experience, gained at some of the largest businesses in the broker marketplace.
“Her expertise will add great strength to the board of the London Market Group as it continues to advocate for the insurance market in a busy election year,” McGovern said.
From her perspective, Hughes emphasised the evolving challenges and opportunities within the insurance industry, especially considering growing geo-political, climate, cyber, and reputational risks.
"As businesses face an unprecedented level of risk beyond their physical assets and services, there has never been a more important time for the insurance industry to prove its importance as an enabler of change,” Hughes said.
She also highlighted the London Market's tradition of innovation, positioning it as pivotal in addressing critical global issues through inventive insurance solutions.
“It’s what makes London the world-leading global insurance market and I am excited to play a role in championing all those who work within it as a member of the London Market Group board,” she said.
Elsewhere for the insurance group, Howden has also recently announced its plans to acquire ARM Group Holdings Limited (ARM), marking a pivotal expansion in its services.
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