Peter Spires and Hilary Weaver will take over his roles
Lloyd’s chief risk officer and general counsel Sean McGovern will be leaving the Corporation to join XL Catlin as chief compliance officer and head of regulatory and government affairs.
McGovern spent 20 years in Lloyd’s; having joined in 1996, he became a member of the Executive Team in 2002 and was appointed to the Franchise Board in 2014. After his departure, Peter Spires will take over as general counsel, while Lloyd’s head of internal audit Hilary Weaver will take on the role of chief risk officer on an interim basis.
Lloyd’s chief executive Inga Beale said: “Sean’s contribution to Lloyd’s over the last 20 years has been immeasurable. Well respected across the Corporation and market, he has worked closely with regulators, both in the United Kingdom and beyond to ensure that Lloyd’s thrives in the new global regulatory environment.” She added: “I am delighted his talents are not being lost by the London Market and we wish him every success in the future.”