Succession Plan for Lloyd’s Europe

Jonathan May, presently serving as the Chief Financial Officer and Chief Operations Officer for Lloyd’s Europe, will step into the role of Chief Executive Officer of the European subsidiary starting January 1st, 2024, succeeding Amélie Breitburd.

Breitburd is scheduled to depart Lloyd’s Europe, specifically, Lloyd’s Insurance Company (LIC) operating from Brussels, on December 31st, 2023, after being appointed as CEO of the European subsidiary in April 2021.

In response to May’s appointment as CEO of Lloyd’s Europe, the Corporation disclosed several other appointments subject to regulatory approval. This includes Masumi Hashiguchi’s appointment as CRO of Lloyd’s Europe on November 30th, 2023. Additionally, James Davidson, currently serving as LIC Deputy CFO, will assume the role of CFO and, on an interim basis, LIC COO starting January 1st, 2024. Davidson is also set to join the LIC Management Committee and Board, subject to shareholder approval. Lastly, Benoit Waltregny will serve as LIC Deputy CEO while continuing his current role as LIC General Counsel.

Pending regulatory approval, May will assume the CEO position in the upcoming year. He presently holds positions on the LIC Board of Directors and LIC Management Committee and has significantly contributed to building the foundational strength of Lloyd’s European business.

May’s career commenced with Ernst & Young in 1998, followed by joining Lloyd’s in 2006. He has held various leadership roles across the Corporation, including CFO and COO for the Greater China region, Asia Pacific Regional CFO, Lloyd’s Global CFO, and Global COO, overseeing finance and operations across the market’s international network.

Lloyd’s praised Breitburd’s leadership, emphasizing the substantial growth and establishment of Lloyd’s Europe as a prominent platform for specialized commercial risk solutions in Europe during her tenure.

Patrick Tiernan, Lloyd’s Chief of Markets, commended Breitburd’s achievements, highlighting the solidification of the European platform and the establishment of trust with customers, brokers, and carriers. He also expressed optimism about the future direction of Lloyd’s Europe under Jonathan’s leadership as CEO, alongside Benoit in the role of Deputy CEO. Tiernan extended best wishes to Amelie in her future endeavors and thanked her for her dedication to Lloyd’s.

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