Lloyd’s, the worldwide insurance coverage and reinsurance market, has appointed Stephane Flaquet as its chief working officer (COO), topic to regulatory approval.
Flaquet will be part of the organisation on 1 September 2025 and will probably be built-in into Lloyd’s government workforce. He’ll report back to CEO Patrick Tiernan.
In his new place, Flaquet will probably be on the helm of the operations operate, tasked with delivering providers to each the market and the Company.
His duties will embrace the execution of Lloyd’s’ operations technique and the oversight of the know-how, knowledge and alter portfolio.
Moreover, Flaquet will lead the cost in reinforcing the operational resilience of market infrastructure and managing all actions related to Blueprint Two.
Lloyd’s CEO Patrick Tiernan mentioned: “After a radical search I’m assured that Stephane is the suitable individual to steer Lloyd’s Operations operate and execute the operations technique. Stephane’s expertise will probably be integral to delivering operational excellence, flexibility and scalability to the Company and the market.”
The brand new COO will take over from George Marcotte, who has stuffed the place on an interim foundation since September 2024.
Tiernan mentioned: “I wish to thank George Marcotte for his management, experience and perception, which have been invaluable in serving to us work in direction of delivering our strategic objectives, and I want him each success as he returns to Accenture.”
Flaquet’s earlier positions embrace a stint at Hiscox, the place he most just lately held the place of group chief operations and know-how officer.
Flaquet’s profession additionally options senior roles at American Worldwide Group and Capital One.
This announcement follows a collection of government adjustments at Lloyd’s, which included the appointment of Rachel Turk as chief of market efficiency, a job that encompasses underwriting duties.
Caroline Sandeman-Allen has been named chief of market oversight and can chair Lloyd’s Market Oversight Group.
