The Board of LIIBA has announced that Alastair Swift, Head of Corporate Risk and Broking for Global Lines of Business at WTW, as well as CEO of Willis Limited, will become its new Chair. He succeeds Richard Dudley of Aon, who served a two-year term.
Alastair Swift said: “I’m proud to be taking on this role on behalf of the Lloyd’s broking community but right now it comes with a strong sense of responsibility. This is a transformative moment for the world and the financial services sector. With Brexit receding slowly in our rear-view mirror, Covid’s impact still playing out and the resultant changes in the geopolitical landscape, net zero and now Ukraine, brokers are responding to a global economy in a state of flux. During my 32 years in the market, I’ve not known a period during which we’ve seen so many systemic changes interacting and affecting our clients.
“While Ukraine presents a set of immediate challenges, we must press ahead with our work on net zero, having accomplished much in the last two years. The House of Lords inquiry into commercial insurance and the regulation of the London market also remains high on our agenda.
“I want to extend my thanks to Richard Dudley for his work during two of the most volatile yet progressive years that our market has known. When Richard took over in early 2020, the pandemic’s impact was still to be understood, yet he rose to the challenge and our members emerge stronger and more closely aligned.”