The soon-to-be chief executive officer of Lloyd’s Americas will have among her responsibilities building a greater alignment with Bermuda.

Dawn Miller will take up that role, and the position of chief commercial officer of Lloyd’s, on September 1. She will be based in New York.

Ms Miller, currently the organisation’s commercial director, will continue to lead the commercial directorate, retaining accountability for Lloyd’s global network. She will remain a member of Lloyd’s executive committee.

As CEO of Lloyd’s Americas, the organisation said, Ms Miller will be responsible for fostering key relationships and driving strategic and sustainable growth in the region – alongside building greater alignment with Bermuda.

At the Bermuda Risk Summit last month, Lloyd’s and the Bermuda Monetary Authority announced that they are to collaborate to foster innovation and education access between the world’s two major hubs for insurance and reinsurance.

Hank Watkins, regional director & president of Lloyd's Americas, will leave Lloyd’s after 15 years to pursue other opportunities at the end of this year.

The organisation said Mr Watkins has been instrumental in helping customers and stakeholders in the region navigate new risks and solutions.

Marc Lipman has been appointed president of Lloyd's Americas, based in Canada, effective from September 1.

He joined Lloyd’s as the attorney in fact and president of Lloyd’s Canada in June 2020 and under his leadership, Lloyd’s Canadian business has been reinforced with a strong governance foundation, including a robust risk framework and the implementation of IFRS 17, the organisation said.

John Neal, CEO, Lloyd’s, said: “The Americas represents over 60 per cent of our market’s total premium and as we look to increase our presence, it is vital that we have the right people on the ground to deliver our ambitions.

“The appointment of Dawn and Marc to their new roles will strengthen our position to offer current and new stakeholders the best underwriting and investment platform in the world.”

He added: “I would like to thank Hank for his invaluable work over the last 15 years at Lloyd’s.”

Ms Miller said: “As we look at how our commercial strategy can support the market’s profitable growth over the next two years, these changes to the way we’re structured in the Americas allow us to broaden the scope of our offering.

“We will be able to provide greater support to our large network of stakeholders and market participants based on the region, and drive forward our global distribution strategy.”