Lloyd’s Appoints Bichard From PwC as CFO, Succeeding Cliff

Lloyd’sthe insurance coverage and reinsurance market, introduced that Jim Bichard has been appointed as chief monetary officer.

He’ll begin in April 2026 and can change into a member of Lloyd’s Govt Staff, reporting on to Patrick Tiernanchief govt, and can be part of the Council of Lloyd’s.

He’ll substitute Alexandra Cliff who’s leaving Lloyd’s to pursue different alternatives.

Bichard presently leads PwC’s international insurance coverage apply, overseeing companies to purchasers throughout all business segments. With 30 years at PwC, together with 5 in New York, he has deep experience in technology-enabled transformation throughout finance, operations, and entrance workplace.

Bichard additionally advises on revolutionary insurance coverage and dealer offers together with transactions for revolutionary capital constructions. He began his profession in audit and moved into advisory roles together with main the capital, threat and regulatory apply in UK & EMEA. He beforehand headed PwC’s UK insurance coverage apply and the Lloyd’s, London market and broking enterprise.

“I’m delighted to welcome Jim to Lloyd’s. He brings a deep information of the worldwide insurance coverage business, in addition to a clear-eyed view of how capital, threat and purchasers intersect in a altering world,” commented Tiernan.

“Lloyd’s is getting into an thrilling part, as we launch a brand new technique with higher international ambition, sturdy momentum behind our market and a rising alternative to help the worldwide financial system via innovation,” Tiernan added. “Jim’s caliber, standing available in the market and expertise might be invaluable as we proceed to construct an distinctive management group for the way forward for Lloyd’s.

Tiernan went on to thank Cliff for “her important contribution to Lloyd’s over time.”

“Her management has been necessary in strengthening the monetary foundations of the Company and the market,” he added. “In her time at Lloyd’s the finance group has sharpened our self-discipline and enhanced Lloyd’s attraction to an more and more numerous and international pool of capital. I and the remainder of the management group want her all the easiest for the subsequent part of her profession.”

Cliff’s appointment is topic to UK regulatory approval.

(For worldwide individuals strikes)

Subjects
Excess Surplus
Lloyd’s