Lloyd’s has announced that Neil Maidment has been appointed as an independent non-executive of the Lloyd’s board.

The appointment will take effect from February 2019 once Maidment’s term of office on the Council of Lloyd’s comes to an end on 31 January, and is for an initial term of three years.

The news comes as Maidment nears his retirement from Beazley in December 2018, having spent most of his 34-year insurance career with the Lloyd’s carrier, where, during the last decade, he has served as chief underwriting officer.

The Corporation said that Maidment’s appointment to the board will ensure that “his knowledge and experience will be retained for the benefit of the Lloyd’s market.”

It added that while he will continue serving as a member of Lloyd’s Risk Committee, he is stepping down as chairman of the Lloyd’s Market Association (LMA), where he has worked on key strategies including market modernisation and the response to Brexit.

“We would like to congratulate Neil on his appointment. His knowledge and experience will be an invaluable contribution to the work of the board,” Lloyd’s concluded in a statement.