The Lloyd’s Market Association (LMA) has appointed four new members of the board and has also made a commitment to increase board member diversity.
It revealed that Talbot CEO Chris Rash and Asta managing director Lorraine Harfitt have joined the board as new standing members. Other new members include Antares CEO Mark Graham; Newline COO Henry Withinshaw; QBE Insurance UK insurance division executive director Cecile Fresneau; Chaucer CEO John Fowle; AXIS Insurance international division CEO Mark Gregory; and MS Amlin CEO Johan Slabbert.
Following the appointments, LMA’s board will have three female board members representing managing agents. The association also noted that two of its three executive directors – CEO Sheila Cameron and underwriting director Jane Hayes – are female.
“I am extremely pleased to welcome our new board members, and would like to thank those who have stepped down this year for all their valuable contributions, including Colin O’Farrell of QBE, Tom Clementi of MS Amlin, Julian Tighe of Asta and David Ibeson of Apollo,” said LMA CEO Sheila Cameron. “Our new members bring many outstanding qualities and vast experience to the LMA. Each hail from a variety of disciplines, bringing a diversity of skillset which is also vitally important.”
To support the industry’s push for inclusivity, LMA also announced that it has committed to making 30% of its board members female and/or from an ethnic minority by the end of 2023.
“It gives me great pleasure to further announce our new diversity target, which matches that of the Lloyd’s Council and is higher than the 20% target set by Lloyd’s for boards and executive committees,” said Cameron. “This is the first step on the journey toward achieving a diverse board while setting an example for our market, and we are determined to reach our target by the end of 2023.”