Ewen Gilmour, chief executive of Chaucer Holdings PLC, has been appointed chairman of the Market Processes Committee (MPC) of the Lloyd's Market Association (LMA), the single body representing underwriting businesses at Lloyd's.
Mr Gilmour takes over the role from Dane Douetil, Group chief executive of UK general insurer, Brit Insurance Holdings PLC, who has stepped down from the position following his recent election as chairman of the LMA.
The MPC is one of six policy committees reporting directly to the LMA Board, providing leadership for market reforms and promoting and securing investment for process modernisation and new technology. The Committee provides a coordinated approach and is the focal point through which Lloyd's practitioners address reform issues. Reflecting this, its chairman is a senior representative of an LMA member company and is appointed by the LMA Board.
Commenting on his appointment, Mr Gilmour said, “The focus on business process reform, both in the market and more widely, means the initiatives in the pipeline are necessities not options.”
He continued, “As Chair of the MPC, my role will be to rally the necessary support from the LMA's members for these reforms to be delivered in a timely manner while also ensuring the resulting costs and processes are acceptable to the market.”
On the new appointment, Simon Sperryn, chief executive at LMA, said, “Market reform is a key priority for the LMA. The MPC is represented on all groups and project boards that are active in process reform and plays a lead role in the partnership between Lloyd's, brokers and companies. We are delighted to have the leadership of such a senior and respected market figure.”
Mr Gilmour joined Chaucer in 1998 from Amlin in order to be part of the team that led the group's entry to the London Stock Exchange. Prior to this he spent two years at the Corporation of Lloyd's where he was its first head of Corporate Capital, facilitating and developing the introduction of corporate capital to the Lloyd's market. He began his career at KPMG before joining Charterhouse Bank in 1980.
