Finance and Risk
The Finance and Risk team monitors and assesses the potential impact of developments relating to accounting, reporting, taxation and other financial and regulatory matters which may affect managing agents and syndicates. These arise from proposed changes in regulatory, statutory and other requirements from Lloyd’s, the UK Government, European Commission and UK and overseas regulators (including the PRA, FCA, NAIC, NYID etc).
The team works very closely with a number of departments at Lloyd’s, including Market Finance, PMD/Tax/Treasury/Exposure Management and Actuarial.
The main committees (administered) include Finance (FINCOM) EMWG, Chief Risk Officers (CRO) and Actuaries (CALM).