Luck appointed to key Lloyd’s board
Bermuda insurance industry veteran Fiona Luck has been appointed to the Lloyd's Franchise Board.
Ms Luck, whose career on the island included senior roles at Marsh and McLennan, the Ace Group and XL, will start a three-year tenure as a non-executive director on an influential board within the London market.
The Franchise Board lays down guidelines for all Lloyd's syndicates and operates a business planning and monitoring process to safeguard high standards of underwriting and risk management.
Ms Luck was one of three non-executive directors to be named to the Franchise Board yesterday, the others being Mike Bracken, former chief data officer for the UK Government, and Nigel Hinshelwood, former deputy chief executive officer of HSBC Bank.
Bruce Carnegie-Brown, the board's chairman, announced the appointments yesterday.
“These are great appointments for Lloyd's,” Mr Carnegie-Brown said. “Mike, Nigel and Fiona bring experience and expertise from across the business spectrum from insurance to banking to technology, built up over the last 25 years. The corporation will undoubtedly benefit from their expertise and I am looking forward to working with them.”
Ms Luck has more than 25 years' experience in insurance and reinsurance. She has been a non-executive director of financial regulator, the Bermuda Monetary Authority, since 2013. Previously, she was non-executive director at Catlin Holdings Ltd and Allied World Holdings Ltd and, before that, spent a decade at XL Capital Ltd, in a variety of senior roles including chief of staff to the CEO and executive vice-president responsible for strategy, global HR, IT and corporate social responsibility.
Ms Luck also worked for the Ace Group, now known as Chubb, between 1996 and 1999 and was president and CEO of Marsh and McLennan's Bermuda operation between 1992 and 1996.