Lloyd’s updates executive team, splits chief of markets functions

Rachel Turk and Caroline Sandeman-Allen are tasked with underwriting and oversight, respectively.

Lloyd’s has updated its executive team, naming splitting the chief of markets role into two new roles.

Rachel Turk is appointed chief of market performance and will assume the underwriting responsibilities of the former chief of markets’ role.

Turk will also chair Lloyd's capital planning group (CPG).

Caroline Sandeman-Allen is named chief of market oversight and will assume oversight responsibilities of the former chief of markets’ role.

Allen will also chair Lloyd’s market oversight group (MOG).

Jonathan May, CEO of Lloyd’s Insurance Company (LIC), is appointed to the executive team. LIC is the wholly-owned subsidiary of Lloyd’s that facilitates the insurer and reinsurer’s underwriting activity in the European Economic Arena.

Dawn Miller will continue in her role as chief commercial officer and CEO, Americas. She will also assume responsibility for the corporate affairs function; and chair Lloyd’s business opportunities committee (BOC).