Lloyd’s of London has announced the appointment of Patrick Tiernan to the newly created role of chief of markets, overseeing market performance and distribution.
Tiernan joins the business from Aviva where he currently serves as managing director, UK commercial lines & global corporate & specialty. Prior to that, he was the chief financial officer of Aviva Insurance Limited.
He currently serves as chair of the International Underwriting Association (IUA) and sits on the board of directors of the London Market Group. Tiernan is also on the board of ClimateWise and the Innovation Working Group of the Bank of England’s Climate Financial Risk Forum.
He brings 24 years of insurance industry experience to Lloyd’s, which includes serving as group chief operating officer at Starstone Insurance and chief executive officer of Zurich’s Centrally Managed Businesses.
John Neal, CEO of Lloyd’s said: “I’m thrilled that Patrick will be joining Lloyd’s in this newly created role. As a highly regarded industry executive with leadership experience across business and financial management, Patrick joins Lloyd’s at an exciting time. Our overarching priorities of performance, digitalisation, culture, together with a new ‘purpose’ pillar, are paramount and drive everything we do in the Corporation and across the market. Patrick will progress these priorities to deliver the impact and results we need right across the market from customer and distribution, through to underwriting business and oversight.”