Lloyd’s, the worldwide insurance coverage and reinsurance market, has appointed Stephane Flaquet as its chief working officer (COO), topic to regulatory approval.
Flaquet will be a part of the organisation on 1 September 2025 and can be built-in into Lloyd’s govt crew. He’ll report back to CEO Patrick Tiernan.
In his new place, Flaquet can be on the helm of the operations perform, tasked with delivering providers to each the market and the Company.
His tasks will embody the execution of Lloyd’s’ operations technique and the oversight of the know-how, information and alter portfolio.
Moreover, Flaquet will lead the cost in reinforcing the operational resilience of market infrastructure and managing all actions related to Blueprint Two.
Lloyd’s CEO Patrick Tiernan stated: “After a radical search I’m assured that Stephane is the proper individual to steer Lloyd’s Operations perform and execute the operations technique. Stephane’s expertise can be integral to delivering operational excellence, flexibility and scalability to the Company and the market.”
The brand new COO will take over from George Marcotte, who has crammed the place on an interim foundation since September 2024.
Tiernan stated: “I wish to thank George Marcotte for his management, experience and perception, which have been invaluable in serving to us work in direction of delivering our strategic objectives, and I want him each success as he returns to Accenture.”
Flaquet’s earlier positions embody a stint at Hiscox, the place he most lately held the place of group chief operations and know-how officer.
Flaquet’s profession additionally options senior roles at American Worldwide Group and Capital One.
This announcement follows a collection of govt adjustments at Lloyd’s, which included the appointment of Rachel Turk as chief of market efficiency, a task that encompasses underwriting tasks.
Caroline Sandeman-Allen has been named chief of market oversight and can chair Lloyd’s Market Oversight Group.
