The London Market Group has announced the appointment of Matthew Moore, CEO of Liberty Specialty Markets as its new chair, effective 1 May 2020. Moore will succeed Beazley CEO Andrew Horton after two years in the role.

Andrew Horton, outgoing chair of the LMG, said: “The past few years have seen real shifts in both the external environment and within the market itself. We have seen very positive developments in terms of initiatives such as e-trading, driven by the market collaboration which is a core part of who we are. Brexit too has shaped our activities and I am proud to say that the London Market is no longer a well-kept secret to Westminster and Whitehall. It has been a pleasure and a privilege to work with so many colleagues across the market, all dedicated to maintaining London’s position as a global centre for (re)insurance.”

Adding: “Matthew has been part of the London ecosystem all his career so that imbues him with a great understanding of our market. Also being part of a world-leading insurance group gives him an invaluable external perspective into what could be done to take all our workstreams into the next stage of development so they can meet the market’s future needs.”

Matthew Moore, incoming chair, commented: “I know I speak for all the Board in thanking Andrew for his leadership of the LMG and in widening its agenda and ambition.”

“I absolutely believe that London is unique, and our ability to co-operate for the wider good is a great strength. But it needs to go hand in hand with a sense of reality that we can organise ourselves better for the good of our clients, our people and our shareholders. I very much look forward to working with all sectors of the market to grow and enhance London’s position and reputation.”