Martin Bride has stepped down from the board of Beazley Plc and is succeeded by new group finance director Sally Lake, who was appointed as a director of the company at last week’s board meeting.

Prior to her CFO role, Lake served as Beazley’s group actuary. Meanwhile her predecessor, while no longer part of the board, will remain with the firm until the end of August.

“I am delighted to welcome Sally to the Beazley Plc board,” commented chairman David Roberts. “The board is immensely grateful to Martin for his 10 years of service and great contribution to Beazley and its growth, and we wish him well in his retirement.”

Roberts, on behalf of the board, also thanked audit and risk committee chair Angela Crawford-Ingle who is leaving on May 31.