Lloyd’s of London said Thursday that its director of performance management, Tom Bolt, has decided to leave the corporation in mid-2016, after almost seven years of front line service.
Bolt was appointed in September 2009 and is responsible for the commercial oversight of the Lloyd’s market, working with individual syndicates to improve the market’s overall performance. He is a member of Lloyd’s executive team.
During his tenure, Bolt led the introduction of a Minimum Standard framework for Lloyd’s managing agents, delivered the Claims Transformation Programme that significantly improved the speed of claims payments and oversaw significant improvements that have underpinned growth in Delegated Authority distribution network.
Inga Beale, CEO at Lloyd’s said: “Tom has made an outstanding contribution to the strength and success of the Lloyd’s market as it is today. He is respected and admired in the market, working closely with the underwriting community to ensure that the Lloyd’s market can flourish in what have been challenging times.”
Lloyd’s will start the search process to find Bolt’s successor immediately.