Lloyd's Taps Female CEO

Inga Beale, currently group chief executive of Canopius, will join Lloyd's in January 2014, the insurance market's chairman announced Dec. 16.

Inga Beale is the new chief executive of Lloyd’s, the venerable British insurance market, and will take over in January. She succeeds Richard Ward, according to the Lloyd's Dec. 16 announcement.

Beale is currently group chief executive of Canopius, which is Lloyd's managing agent. Previously she spent four years with Zurich Insurance, including a period as its global chief underwriting officer, and was group CEO of Converium Ltd, a Swiss mid-sized independent reinsurance company. Beale started her career as an underwriter with Prudential before spending 14 years with GE Insurance Solutions.

"I am absolutely delighted that we have appointed Inga as chief executive," said John Nelson, chairman of Lloyd's. "She has 30 years' experience in the insurance industry. Her CEO experience, underwriting background, international experience, and operational skills, together with her knowledge of the Lloyd's market, make Inga the ideal chief executive for Lloyd's. I very much look forward to working with her."

"Lloyd's is already an international leader, but this unique market has an extraordinary opportunity to increase its footprint and to cement its position as the global hub for specialist insurance and reinsurance. I'm looking forward to working with the Lloyd's team and the wider market to deliver a strategy for profitable and sustainable growth alongside Lloyd's robust market oversight," Beale said.

Canopius is a privately owned insurance and reinsurance group that underwrites a diversified portfolio of business from its operations at Lloyd's and elsewhere around the world.

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