The new appointments aim to add a ‘wealth of expertise’ while contributing to the association’s diversity targets
The Lloyd’s Market Association (LMA) has appointed six new board members.
Each hire brings expertise across a broad range of disciplines, such as digital trading, underwriting leadership, strategy, corporate development, data analysis and syndicate management.
The new board members are:
- Hugh Brennan, chief executive of RenaissanceRe Syndicate Management.
- Dominick Hoare, group chief executive of Munich Re Syndicate.
- Kate Markham, chief executive of Hiscox London Market.
- Chris Smelt, executive director of Managing Agency Partners.
- Rachel Turk, head of corporate development at Beazley
- Sarah Willmont, joint active underwriter at Canopius.
As a result of these appointments, the number of female LMA board members has risen to seven – this brings the association closer to its diversity ambition, set out in May this year, for at least 30% of its board members to be female or from an ethic minority by the end of 2023.
LMA chief executive Sheila Cameron said: “It gives me great pleasure to welcome our highly-regarded and exceptionally capable new members, who bring a wealth of expertise that will be invaluable to the LMA and the wider market.
“We are also delighted that, with these appointments, the LMA is closing in on its diversity target, with more than a quarter of our board now made up of women.
“[The] announcement marks a further important step toward achieving a diverse board, in support of broader efforts to attain greater diversity at a market level, and we remain determined to reach our target by the end of 2023.”