Alexander Baugh has been appointed as an independent nominated member of Lloyd’s Council, the organisation has announced.

He will be chairman of Lloyd’s risk committee and a member of Lloyd’s audit committee.

The appointments are subject to regulatory approval.

The organisation said that Neil Maidment, the chairman of Lloyd’s risk committee, will be stepping down from Lloyd’s Council at the end of January, having served as a member of the Council and the former Franchise Board for nine years.

Lloyd’s said Mr Baugh is an AIG veteran who now serves as a consultant to the group, having worked for the company for more than 30 years in various US and international leadership roles.

Most recently, he served as president of the North America business for 18 months before taking on the role of global chief underwriting officer liability and financial lines, a role he held until 2022.

Mr Baugh was part of the general insurance leadership team and served on the Ascot board for five years.

Bruce Carnegie-Brown, chairman of Lloyd’s, said: “Alexander brings deep risk experience from his time at AIG, both as chief risk officer but also later in his career as global underwriting officer and CEO for North America.

“He also has a deep connection with Lloyd’s, having worked in the London market for 12 years. He has maintained this connection through AIG’s two Lloyd’s syndicates through Ascot’s board when it was owned by AIG.

“I look forward to welcoming Alexander to the Council of Lloyd’s and thank Neil for his significant contribution to the governance of Lloyd’s.”

The Council has 15 members split between six elected members (three working and three external), three executives (chief executive, chief financial officer, chief of markets) and six nominated members.