Lloyd’s of London has appointed Alexandra Cliff as the new chief financial officer (CFO) of the insurance and reinsurance marketplace.

Cliff, who joined Lloyd’s as deputy CFO in November 2022, will begin in her new role on 1 May.

She will succeed Burkhard Keese, who is leaving Lloyd’s to focus on investment roles in the German insurance market.

Cliff currently serves on the Lloyd’s Executive Committee and has over 20 years of experience in the insurance industry, having held senior finance roles in insurance and broking firms including Direct Line Group, StarStone, and AJ Gallagher.

“Since joining Lloyd’s as deputy CFO, Alex has played a vital role in achieving our enhanced financial strength, including recent ratings upgrades, building our investment proposition and transforming market reporting,” said Lloyd’s CEO, John Neal.

“She is a well-respected member of the executive committee, and I have no doubt she will continue to deliver against our strategic priorities as CFO.

“I would like to thank Burkhard for his work guiding Lloyd’s to some of its best-ever financial results and his execution of the capital proposition, which has made Lloyd's more resilient than ever. He has been integral in elevating Lloyd’s financial strength ratings and attracting high-profile capital investment to the market.”

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