Lloyd’s managing agent announces new CEO

Predecessor to stay in the role of chief underwriting officer

Lloyd’s managing agent announces new CEO

Insurance News

By Terry Gangcuangco

There’s a new man at the helm of the Lloyd’s managing agent for W. R. Berkley Syndicate 1967.

Appointed as chief executive of W. R. Berkley Syndicate Management Limited is David Brosnan, who is succeeding Alastair Blades subject to required approvals, including that from Lloyd’s of London. Brosnan, whose 35-year career includes years spent at Chubb, retired as chief executive of CNA Hardy in 2020.

Blades, meanwhile, will remain and serve as chief underwriting officer. He came onboard in 2009 to lead the underwriting strategy for the then newly formed Syndicate 1967.

In a release, parent firm W. R. Berkley Corporation noted: “[Blades] successfully led the team at W / R / B Underwriting through the transition from a London Market insurer with a Lloyd’s presence to a Lloyd’s-centric business that was well positioned for Brexit.”

Commenting on the succession, Berkley president and CEO W. Robert Berkley, Jr. cited Brosnan’s demonstrated leadership, “superb” market reputation, and extensive management experience.

“Alastair has provided pivotal leadership in developing our integrated Lloyd’s platform,” the group boss went on to say, lifting the lid on the top positions.

“The decoupling of the chief executive officer and chief underwriting officer roles provides each of David and Alastair the opportunity for even greater focus that will enable the W / R / B Underwriting team to maximise its capabilities and expansion opportunities in this improving market.”

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