Reinsurance News

Lloyd’s names Aviva’s Patrick Tiernan as Chief of Markets

22nd January 2021 - Author: Luke Gallin

The specialist Lloyd’s of London insurance and reinsurance marketplace has appointed Aviva’s Patrick Tiernan to the newly created role of Chief of Markets, which will see him take oversight of market performance and distribution.

lloyd'sTiernan joins the market from Aviva where he currently serves as Managing Director, UK Commercial Lines & Global Corporate & Specialty. Previously, he has worked as the Chief Financial Officer (CFO) of Aviva Insurance Limited.

He brings 24 years of experience in the insurance industry to the Lloyd’s market, which includes serving as Chief Operating Officer (COO) of StarStone Insurance and Chief Executive Officer (CEO) of Zurich’s Centrally Managed Businesses.

Currently, he serves as Chairman of the International Underwriting Association (IUA) and also sits on the Board of Directors of the London Market Group. Additionally, Tiernan sits on the Board of ClimateWise and the Innovation Working Group of the Bank of England’s Climate Financial Risk Forum.

John Neal, CEO of Lloyd’s, commented: “I’m thrilled that Patrick will be joining Lloyd’s in this newly created role. As a highly regarded industry executive with leadership experience across business and financial management, Patrick joins Lloyd’s at an exciting time.

“Our overarching priorities of performance, digitalisation, culture, together with a new ‘purpose’ pillar, are paramount and drive everything we do in the Corporation and across the market. Patrick will progress these priorities to deliver the impact and results we need right across the market from customer and distribution, through to underwriting business and oversight.”

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