Lloyd’s names new finance chief

Lloyd’s of London has appointed Burkhard Keese as its finance chief. The appointment takes effect April 01.

Kees joins Lloyd’s after 14 years with Allianz, according to a Reuters report. At Allianz, Keese served as chief financial officer for Allianz Deutschland AG, Germany’s largest insurer.

Keese’s appointment comes after Lloyd’s named a new chief executive in the wake of a 2017 loss of £2 billion due to a series of natural catastrophes, Reuters said.

“Burkhard joins Lloyd’s at an exciting time,” CEO John Neal said in a statement. “We are working with all our stakeholders to significantly improve near-term profitability…”