The Lloyd’s Market Association (LMA) has appointed Joe Brace as operations director, effective this spring 2025.
Brace has spent his career in the insurance industry, with operations roles in financial services and the Lloyd’s market. He most recently served as head of change for Apollo and has previously served in various roles at Lloyd’s and HSBC.
In his new role, Brace will represent LMA members by providing leadership and technical support to the Lloyd’s and London markets.
Reporting to chief executive Sheila Cameron, Brace will also support the implementation of Blueprint Two, Lloyd’s digitalisation initiative. He will also participate in planning cutover strategies and advocate for the adoption of ACORD Data Standards through the insurance risk placement and processing lifecycle.
Brace will be succeeding Rob Myers, who will be retiring in 2026. Myers has more than 40 years of experience, with the last six years he spent at LMA. He will continue to provide consultancy services to the LMA during the transition period to support the progress of Blueprint Two.
Cameron welcomed Brace, saying that his experience and strong track record will be invaluable to facilitate the advancement of the organisation’s digital capabilities.
“I am delighted to be joining the LMA in a role that is pivotal to driving digital transformation and modernisation in the Lloyd’s market,” Brace said.
Brace’s appointment comes after the appointment of two new board members and head of regulatory affairs.
In November, LMA appointed Vivek Syal and John Owen to its board of directors. Syal is the chief underwriting officer of Tokio Marine Kiln, while Owen is the chief executive of AXIS Managing Agency. They replaced Matthew Shaw and Mark Gregory in the board.
A month prior, the company named John Levett as head of regulatory affairs. Levett has been with the company since October 2023. He now oversees the association’s regulatory activities.
