Lloyd’s Chief Risk Officer Weaver Leaving Market After 16 Years

Lloyd’s of London announced that Hilary Weaver, the corporation’s chief risk officer, is leaving at the end of March 2019 after 16 years.

Weaver joined Lloyd’s in 2004 as head of Internal Audit and became chief risk officer in April 2016, joining Lloyd’s Executive Committee.

Her responsibilities included risk management, compliance, international regulatory affairs, government affairs and U.S. regulatory affairs. Weaver served as a role model for diversity, chairing the Lloyd’s Diversity Group and as a founding member of the market-wide Inclusion@Lloyd’s committee, said Lloyd’s in a statement.

Weaver also represented Lloyd’s as a director on the Insurance Fraud Bureau and is a member of the PRA Practitioner Panel Insurance Subcommittee. She was awarded an honorary Doctorate in Civil Law in 2018 for her contribution to industry and diversity.

“Hilary has made a considerable contribution over the past 16 years, most recently in building the corporation’s risk management function. Hilary leaves with our thanks and very best wishes for the future,” said John Neal, Chief Executive Officer at Lloyd’s.

The announcement about Weaver’s exit comes at an important juncture for Lloyd’s – when it is seeking to increase diversity after recent news reports that sexual harassment continues to be rampant in the market.

On March 26, Lloyd’s released an action plan to address problems of sexual harassment, which include a changes to Lloyd’s Nominations Committee to increase diversity, naming Fiona Luck (Lloyd’s Board) and Vicky Carter (Lloyd’s Council) as committee members with immediate effect.

Source: Lloyd’s

Topics Excess Surplus Lloyd's