Veteran insurance executive Andrew Brooks, who has just retired as the group chief executive officer at Bermudian-based Ascot Group, has been named the deputy chairman of the Council of Lloyd’s.

Mr Brooks, an elected council member since 2017, takes up the position vacated by Dominic Christian, the global chairman of Aon’s Reinsurance Solutions business and a member of Aon’s global executive team.

The new deputy chairman has worked in the Lloyd’s Market since 1983 and is currently a member of the London Market Group board and chairman of the Lloyd’s Market Association.

Mr Brooks is ACII qualified and will serve on the Lloyd’s claims implementation board as well as the nominations and governance committee.

Bruce Carnegie-Brown, Lloyd’s chairman, said: “With nearly 40 years of experience in the Lloyd’s Market and over five years serving on Lloyd’s Council, I am delighted that Andrew has accepted my invitation to become deputy chair.

“I look forward to continuing our work together on the council, delivering against our performance, digitalisation, sustainability and cultural goals during an important period for both Lloyd’s and the wider insurance industry.”

Mr Brooks said: “My time both within the market and on Lloyd’s Council has been immensely rewarding so far.

“Through my work at Ascot, I’ve been lucky enough to play a part in cementing Lloyd’s as the global destination for specialty insurance and look forward to continuing to ensure it remains a hub of expertise for the future.

“My priorities as deputy chair will be to further develop Lloyd’s strategic priorities, which will enhance value for all stakeholders, and I’m excited to get started.”

The Council of Lloyd’s comprises 15 members split between six elected members (three working and three external), three executives (CEO, CFO, Chief of Markets) and six nominated members.

Members of Council serve for three-year terms, renewable up to a total of nine years.

Post-retirement, Mr Brooks will continue to serve as a director on Ascot’s board.