"Lloyd’s will work at pace to spur innovation, deliver an open and efficient model that accentuates the unique advantages of our network, and foster an inclusive culture that attracts the best talent from around the world. "
- Patrick Tiernan, Lloyd’s CEO-designate
Prior to this appointment, Patrick Tiernan served as chief of markets at Lloyd’s of London. In the past, he’s worked as managing director at Aviva Global Corporate & Speciality, chief financial officer (CFO) at Aviva, group chief operating officer (COO) at StarStone Insurance, and CEO for centrally managed business at Zurich Insurance, amongst others.
In his new role, Patrick replaces John Neal, who will finish his term on the 31st May 2025.
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This appointment is subject to approval and consent from the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA).
“It’s an immense privilege to be chosen as the next CEO of Lloyd’s. I’m excited to lead such a talented and dedicated group of people. I have strong confidence in what we can achieve together and look forward to adding another successful chapter to the history of this storied institution.
“My primary focus will be supporting the commercial success of our market participants while keeping an iron grip on underwriting discipline and safeguarding the financial strength of the Corporation,” he said.
Patrick noted that Lloyd’s will “work at pace to spur innovation, deliver an open and efficient model that accentuates the unique advantages of our network, and foster an inclusive culture that attracts the best talent from around the world.”
Sir Charles Roxburgh, chair of Lloyd’s of London, added: “Patrick’s profound understanding of the market, coupled with his commercial acumen and industry expertise, will ensure Lloyd’s continues to focus on delivering consistent and disciplined performance.
“I would like to express my gratitude to John Neal for his leadership over the past seven years. His efforts have helped Lloyd’s deliver a major turnaround in performance, resulting in successive years of strong financial results, and ensured the organisation is now in the best position possible to make the most of future opportunities.”
