Lloyd’s of London has appointed Robert Childs as deputy chairman to replace Paul Jardine, who has retired from the role after nine years on Council. Effective immediately, Childs is joining deputy chairmen Simon Beale and Andy Haste to manage and supervise the Lloyd’s market.
Childs, also currently non-executive chairman of
Hiscox, joined the firm in 1986 where he was the active underwriter of Lloyd’s Syndicate 33 between 1993 and 2005. He also founded
Hiscox’s reinsurance company in Bermuda and was chairman of
Hiscox USA. In 2012 Childs was elected to the Council of Lloyd’s as the nominated representative of an external member.
“This is an excellent appointment both for the Council and the market. Rob brings with him vast experience of the sector in London, the United States, and Bermuda which means he has a keen understanding of the challenges the market faces, but also of its strengths and what Lloyd’s can do to help it thrive and be successful,” commented Lloyd’s chairman Bruce Carnegie-Brown.
For his part, Childs said he is delighted with his appointment and that he looks forward to working with Carnegie-Brown. According to the new deputy chair, he welcomes the opportunity to bring his 44 years of industry experience to the Council of Lloyd’s.
Meanwhile, Childs told
City A.M. that Britain’s departure from the European Union is not a threat to London’s insurance status. The Hiscox chair said Brexit’s consequences will be structural instead of strategic, according to the report.
Former Lloyd’s chair John Nelson himself previously revealed that he personally believes London will remain the major financial centre for Europe. “It’s certainly going to remain the major financial centre for Lloyd’s,” Nelson told
Bloomberg earlier this year.
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