The London Market Group (LMG) has appointed Andrew Horton, CEO of Beazley, as its new chair effective from 4 May 2018.

Horton will succeed Nicolas Aubert, head of Great Britain for Willis Towers Watson who has held the role for two years.

Aubert commented: “The last two years have seen tremendous developments in our growth and modernisation agenda – with workstreams not only delivering tangible results against their objectives, but also leading the Market’s response with unexpected events such as Brexit. It has been a real privilege to work with so many colleagues across the market, all dedicated to maintaining London’s position as a global centre for re/insurance.

“Andrew’s work with London Makes It Possible gives him real insight into a core part of our programme, and his leadership of a highly successful London Market business will give valuable insight into what needs to be done to take all our workstreams into the next stage of development so they can meet the market’s future needs.”

Horton said: “Nicolas has led the LMG with tremendous enthusiasm and his energy and passion has driven forward an agenda that is both practical and has real ambition.

“The challenges facing our market are not diminishing, but I am excited that our sense of collective purpose and action is delivering genuine benefits and I very much look forward to working with all sectors of the market to grow and enhance London’s position and reputation.”