Lloyd’s selects new council member

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Lloyd’s has introduced that it has welcomed Richard Dudley to the Council of Lloyd’s as its latest member.

Dudley succeeds Dominic Christian, who will step down as council member on January 31, 2023, after 9 years of service. Dudley’s election will likely be efficient from February 1, 2023.

Who is Richard Dudley?

Dudley is the worldwide head of local weather technique at Aon. He has been working within the Lloyd’s marketplace for nearly 30 years and is at the moment on the Lloyd’s know-how & transformation advisory committee. Dudley can also be an government motion committee member on the Insurance Taskforce of the Sustainable Markets Initiative. He was beforehand the CEO of Aon’s Global Broking Centre and CEO of the UK and Ireland Specialties division of Aon Reinsurance.

Bruce Carnegie-Brown, Lloyd’s chairman, famous that he’s “delighted” to welcome Dudley as a brand new council member.

“Richard’s election is testomony to the extraordinary contribution he has made to advancing the insurance coverage business’s goals,” the chairman talked about. “As we proceed to construct a sustainable and inclusive Lloyd’s, Richard will play an important position in serving to us stay out our function.”

“I’m vastly grateful for all Dom’s arduous work over the past 9 years,” he added. “He leaves the Council having achieved tangible progress, notably on the cultural transformation of the Lloyd’s market and our local weather management via the Sustainable Markets Initiative Insurance Taskforce.”

“It is an unimaginable honour to hitch the Council of Lloyd’s,” stated Dudley. “For our market, the alternatives to develop and to additional stamp our collective societal worth are as obvious and vital now as they’ve ever been.”

Dudley additionally stated that he’s decided as a council member to “assist help Lloyd’s construct on its work to change into the insurer of the transition to a web zero financial system, and to assist drive a profitable conclusion to market modernisation.”

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