Lloyd's appoints Alexandra Cliff as Chief Financial Officer
London - Lloyd's, the world's leading marketplace for insurance and reinsurance, has today announced the appointment of Alexandra Cliff as its Chief Financial Officer (CFO). Her appointment will commence on 1 May 2025.
Alex joined Lloyd's as Deputy CFO in November 2022 and currently serves on Lloyd's Executive Committee. Alex has over 20 years of experience in the insurance industry, having held senior finance roles in insurance and broking firms including Direct Line Group, StarStone, and AJ Gallagher. Alex is a Chartered Accountant and spent eight years at PwC in both London and the US.
Alex will succeed Burkhard Keese, following a long-established succession plan, who leaves Lloyd's to focus on investment roles in the German insurance market. Burkhard will remain a strategic advisor to Lloyd's and will focus on the development of the risk transfer vehicle London Bridge 2.
Burkhard joined Lloyd's in 2019 and during his time as CFO he has been at the forefront of the significant performance turnaround of the Lloyd's market, and in the strengthening of its balance sheet, recognised by S&P Global and AM Best accrediting Lloyd's with the highest financial strength ratings in its history. He has also advanced Lloyd's position as an attractive and accessible market for global investors to place their capital through London Bridge 1 and 2.
John Neal, Lloyd's CEO, said: "Since joining Lloyd's as Deputy CFO, Alex has played a vital role in achieving our enhanced financial strength, including recent ratings upgrades, building our investment proposition and transforming market reporting. She is a well-respected member of the Executive Committee, and I have no doubt she will continue to deliver against our strategic priorities as CFO.
"I would like to thank Burkhard for his work guiding Lloyd's to some of its best-ever financial results and his execution of the capital proposition, which has made Lloyd's more resilient than ever. He has been integral in elevating Lloyd's financial strength ratings and attracting high-profile capital investment to the market."
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