The Lloyd’s Market Association (LMA) has appointed six new board members.
The new board members are Hugh Brennan, CEO of RenaissanceRe Syndicate Management; Dominick Hoare, group CUO of Munich Re Syndicate; Kate Markham, CEO of London market at Hiscox; Chris Smelt, executive director of Managing Agency Partners; Rachel Turk, head of corporate development at Beazley, and Sarah Willmont, joint active underwriter at Canopius.
According to LMA, each of the appointees brings deep expertise across various disciplines, providing support to the market in areas such as digital trading, underwriting leadership, strategy, corporate development, data analysis and syndicate management.
The appointments also bring the number of female LMA board members to seven, almost double the previous number. In May, LMA stated its goal to have a more diverse board, with at least 30% of its board members being women or coming from an ethnic minority by the end of 2023.
“It gives me great pleasure to welcome our highly-regarded and exceptionally capable new members, who bring a wealth of expertise that will be invaluable to the LMA and the wider market,” said LMA chief executive Sheila Cameron. “We are also delighted that, with these appointments, the LMA is closing in on its diversity target, with more than a quarter of our board now made up of women. Today’s announcement marks a further important step toward achieving a diverse board, in support of broader efforts to attain greater diversity at a market level, and we remain determined to reach our target by the end of 2023.”