Insurance and reinsurance marketplace Lloyd’s of London has announced the appointment of Marc Lipman as President of its Canadian arm and as Attorney-in-Fact (AIF) for Lloyd’s Underwriters.
He assumes the role of AIF from Lisa Duval, who stepped in last year on an interim basis and now returns to Lloyd’s International Regulatory Affairs in London.
Lipman joins Lloyd’s from AIG Insurance Company of Canada, where he held a series of senior leadership roles.
Most recently, he was Chief Operating Officer and acted as AIG Canada’s innovation officer, with responsibility for leading the company’s transformation efforts.
Previously, Lipman served as Vice President, General Counsel & Secretary and as AIG’s Chief Legal & Regulatory Officer, working across their property, casualty, reinsurance, life, and mortgage insurance entities.
In his new role, he will work closely with Lloyd’s distribution partners in Canada and London to facilitate the development of innovative risk transfer solutions, reporting to Hank Watkins, Regional Director & President of Lloyd’s, Americas.
“I am thrilled to welcome Marc to our team,” said Watkins. “As we continue working to grow our presence across the Americas region, Marc’s extensive experience in Canada will be invaluable. Our immediate focus continues to be providing our many stakeholders with the support they expect from Lloyd’s through these challenging times.”
He added: “Going forward, in partnership with our colleagues around the world, Marc will also be focused on advancing the Future at Lloyd’s strategy and helping to serve the businesses and entrepreneurs that drive the Canadian economy.”
Lipman also commented: “Lloyd’s underwriters are amongst the largest commercial insurers and reinsurers in Canada and I am thrilled to have the opportunity to work more closely with them and the rest of the Lloyd’s market.”
“As our world is reshaped, not least by the impact of COVID-19, I believe that the breadth and depth of expertise in the Lloyd’s market will enable Canadian businesses to transform adversity into opportunity and move forward with confidence and strength.”