The Lloyd’s Market Association (LMA) has appointed Joe Brace as Operations Director, where he will report to Sheila Cameron, Chief Executive Officer of the LMA.
According to the announcement, Brace’s appointment is effective Spring 2025.
He will succeed Rob Myers, the current LMA Operations Director, who, after a career spanning more than four decades across the insurance market with the last six at the LMA, will be retiring in 2026.
It has been confirmed that Myers will continue to provide consultancy to the LMA over the transition period, as well as providing support towards the progression of Blueprint Two.
In the role, Brace will represent LMA members by providing leadership, technical support and expertise to the Lloyd’s and London market, managing market operations activities, and central services provision to managing and members’ agents.
He will also be expected to lead projects and initiatives aimed at developing efficient and cost-effective business processes.
As LMA Operations Director, Brace, specifically, will influence and support the implementation of Blueprint Two, with a focus on thorough testing, market acceptance and readiness for new digital processing services that Lloyd’s managing agents will use.
Overall, Brace brings a deep degree of industry expertise towards the role, with a career that includes operations roles in financial services and the Lloyd’s market.
Most recently, he served as Head of Change for Apollo. He has also previously served in roles at Lloyd’s and HSBC.
Addressing Brace’s appointment, Sheila Cameron said: “We look forward to welcoming Joe to the LMA team next year. Joe brings a wealth of experience and strong track record in operational roles within the Lloyd’s market. His expertise and relationships with key stakeholders will be invaluable as we continue to facilitate the advancement of our market’s digital capabilities on behalf of our members.”
Brace, commented: “I am delighted to be joining the LMA in a role that is pivotal to driving digital transformation and modernisation in the Lloyd’s market.”
