From May 01 this year, there will be a new chair of the London Market Group (LMG).
It has today been announced that Andrew Horton, CEO of Beazley, will be stepping down having held the position for two years.
“The past few years have seen real shifts in both the external environment and within the market itself,” he said. “We have seen very positive developments in terms of initiatives such as e-trading, driven by the market collaboration which is a core part of who we are. Brexit too has shaped our activities and I am proud to say that the London Market is no longer a well-kept secret to Westminster and Whitehall. It has been a pleasure and a privilege to work with so many colleagues across the market, all dedicated to maintaining London’s position as a global centre for re/insurance.”
In his place comes Matthew Moore (pictured above), the current CEO of Liberty Specialty Markets. Horton noted that Moore has been “part of the London ecosystem” throughout his career and has a “great understanding of our market.”
“Also being part of a world-leading insurance group gives him an invaluable external perspective into what could be done to take all our workstreams into the next stage of development so they can meet the market’s future needs,” Horton said.
Meanwhile, Moore expressed his enthusiasm for the appointment while thanking Horton for widening the agenda and ambition of the LMG.
“I absolutely believe that London is unique, and our ability to co-operate for the wider good is a great strength,” Moore said. “But it needs to go hand in hand with a sense of reality that we can organise ourselves better for the good of our clients, our people and our shareholders. I very much look forward to working with all sectors of the market to grow and enhance London’s position and reputation.”
