Lloyd's Market Association Bulletin
LMA23-008-PD | 22 February 2023
New Chief Underwriting Officers’ Committee announced
I am pleased to announce the launch of the Chief Underwriting Officers’ (CUO) Committee. The committee will represent the views of managing agents on issues of strategic importance to Lloyd’s and provide guidance and advice to the underwriting community across the Lloyd’s market.
Currently, the LMA’s underwriting-focused committee structure is comprised of business lines sitting under the Marine Committee, Non-marine Committee and Aviation Committee. The LMA has identified the need for a dedicated panel which will include chief underwriting officers and active underwriters to guide its members and work with Lloyd’s on an increasing number of long-term challenges in the underwriting space.
The role of the committee will include constructive engagement with Lloyd’s and other external stakeholders on strategic underwriting issues, including development and execution of a commercial strategy, addressing subjects such as the development and implementation of Environmental, Social and Governance (ESG) underwriting strategies and ensuring the market retains its position as the preeminent marketplace for specialty (re)insurance.
The committee will initially have a membership of fifteen, selected by a Nominations Committee made up of Patrick Davison, Underwriting Director of the LMA, David Croom-Johnson, retired Chief Executive Officer of Aegis, Jane Hayes, Non-Executive Director of Hiscox Insurance Company, and Dominic Christian, Global Chairman Reinsurance Solutions at Aon UK.
To ensure that the committee is able to meet the broad needs of the market, the LMA will be looking for a diverse range of backgrounds and experience including varied geographical knowledge and technical experience across multiple disciplines and classes of business.
I will be working with the Nominations Committee to ensure we create a knowledgeable, diverse and experienced committee to engage with Lloyd’s on strategic and that will provide our members and the marketplace with the right support to address and adapt to new challenges over the coming years.
If you wish to be considered for membership of the CUO Committee please contact Patrick Davison (firstname.lastname@example.org), providing a brief covering note detailing relevant experience, by 17.00 on 01 March 2023. Applications will be considered by the Nominations Committee ahead of the CUO Committee’s first meeting on 15 March 2023.
I look forward to announcing appointments to the LMA Underwriting Committee in the coming weeks.