Lloyd’s has appointed Rachel Turk, formerly head of strategy at London market re/insurer Beazley, to a new chief underwriting officer role for the insurance and reinsurance market.
Lloyd’s has appointed Rachel Turk to the new role of chief underwriting officer.
Turk joins Lloyd’s from Beazley where she spent more than 14 years in management roles, including her latest position as group head of strategy and executive committee member.
Before this, she led the US directors’ and officers’ underwriting team at Beazley.
At Lloyd’s, Turk will report to chief of markets, Patrick Tiernan, with a start date not yet announced.
“I’m excited that Rachel is joining Lloyd’s as our chief underwriting officer,” Tiernan said.
“Her stellar reputation in the industry, alongside her technical expertise and market knowledge, will be a huge asset to Lloyd’s as we continue to enhance the performance of our market.”
Lloyd’s said that she would be responsible for managing the performance of the Lloyd’s market, including leading the underwriting function to support the corporation’s strategic goals.
She will also be responsible for leading the discussion with market stakeholders, including insurers, brokers, and customers, on their sustainability strategies.
Turk is also a board member of the Lloyd’s Market Association (LMA) and the London Market Group (LMG). She was formerly an Equity Analyst at JP Morgan Cazenove and is a qualified accountant.
Tiernan added: “Under her leadership of underwriting at Lloyd’s, I’m confident we’ll continue to take the Lloyd’s market from strength to strength, and by doing so, achieve our aim of attracting the very best underwriters, capital and talent to our market to solve the problems that customers are facing.”
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