30 January 2017
Worldwide Property Business Panel appoints Nick Jones as Chair
Nick Jones has been appointed Chairman of the Lloyd’s Market Association’s (LMA) Worldwide Property Panel, which leads on a wide range of issues affecting Lloyd’s managing agents and syndicates on behalf of the Lloyd’s market.
Jones, Active Underwriter at Apollo Syndicate Management Limited, replaces outgoing Chair Mark Bodkin (Beazley). Toby Sawyer (Aegis), Jonathan Marshall (Axis) and Andrew Middleton (HCC) have been elected to the panel; Mark Bodkin (Beazley) and Richard Wood (Cathedral) were re-elected. All will serve the panel for a three year term.
One area of focus for the Panel in 2017 will be engaging with the Placing Platform Limited (PPL) project team to ensure that the platform provides efficiencies to the underwriting process. PPL is the London market's electronic placing platform solution and is a major initiative within the London Market Target Operating Model (TOM).
Other topics of discussion for the year ahead will include continuing to monitor evolving exposures in the property market and increasing the interaction between the Panel and Lloyd’s Corporation.
Jones said: “I am pleased to have been appointed to chair the LMA’s Worldwide Property Business Panel. I look forward to progressing the aims of the Panel for the benefit of the property underwriting market at Lloyd’s.
Jones takes on his new role, in addition to his role at Apollo, with immediate effect.
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Notes to Editors
For further information please contact:
James Milne, Communications Manager
Lloyd’s Market Association
T 0207 327 8405
About the Panel
The Worldwide Property Business Panel exists to represent and promote the interests of the writers of open-market Property business within the Lloyd’s market. Created in 2010 as a result of the merger of the previous US and International Property Panels, the Panel’s territorial scope encompasses the whole world other than the UK, which is represented by the UK Property Panel.
The Panel is constituted to promote efficient operation and the highest technical standards in the open-market Property sector as well as representing the interests of practitioners in this sector to Lloyd’s and other relevant organisations in the UK and overseas.
A list of panel members can be found here.
About the Lloyd’s Market Association (LMA)
Formed in 2001 and located in the heart of the Lloyd’s Building in the City of London, the Lloyd's Market Association represents the interests of the Lloyd’s underwriting community. All underwriting businesses at Lloyd’s are members, together managing gross premium income of around £30billion per annum. For more information visit: www.lmalloyds.com.