Lloyd’s of London has appointed seasoned industry executive Paolo Vagnone to the newly created role of strategy and change director.
Vagnone will lead the teams responsible for the development of Lloyd’s strategy as well as the management of major change projects. He will join the Lloyd’s executive team and report to chief executive Inga Beale.
“I am thrilled to be taking on this new role at Lloyd’s. It is vital in today’s competitive environment that businesses have a clear strategic approach that will enable them to navigate the numerous challenges they face,” Vagnone said.
“I look forward to applying my experience of the industry to this role and helping Lloyd’s continue to thrive and deliver the innovative insurance and reinsurance solutions businesses need across the globe.”
Vagnone joins Lloyd’s from
Generali and brings over 20 years of experience in senior insurance roles.
“Paolo brings with him considerable experience that will be vital in ensuring that we have a clear strategic approach in what promises to be an exciting and unpredictable time,” Beale said of Vagnone.
Lloyd’s also confirmed the appointment of Hilary Weaver as chief risk officer who will be responsible for risk governance and for Lloyd’s regulatory and government affairs.
Weaver has worked for Lloyd’s for 14 years, and was previously head of internal audit, leading internal audit services for Lloyd’s globally as well as the validation work for Lloyd’s Solvency II internal model.
“In the last six months, Hilary has already demonstrated the ability to manage the key relationships with government and regulators and she will be absolutely critical to us in the months ahead as we prepare for life outside the European Union,” Beale said.
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