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Alexandra Cliff appointed as CFO at Lloyd’s

Alexandra Cliff, chief financial officer, Lloyd’s (File photograph)

Changes in the C-suite of Lloyd’s are to continue with the appointment of Alexandra Cliff as its chief financial officer.

Ms Cliff, who will start in her new role on May 1, will succeed Burkhard Keese, who is leaving the organisation to focus on investment roles in the German insurance market.

Her appointment is subject to regulatory approval.

The organisation said the move is “following a long-established succession plan”.

The announcement comes three weeks after it was revealed that chief executive John Neal was leaving Lloyd’s to join Aon, the global professional services firm, as global chairman of climate solutions and global CEO of reinsurance. His departure date has not been announced.

Burkhard Keese (File photograph)

Mr Keese will remain a strategic adviser to Lloyd’s and will focus on the development of the risk transfer vehicle London Bridge Two.

Ms Cliff joined Lloyd’s as deputy CFO in November 2022 and serves on the organisation’s executive committee.

Lloyd’s said she has more than 20 years of experience in the insurance industry, having held senior finance roles in insurance and broking firms including Direct Line Group, StarStone, and AJ Gallagher.

She is a chartered accountant and spent eight years at PwC in both London and the United States.

Lloyd’s said: “Mr Burkhard joined Lloyd’s in 2019 and during his time as CFO he has been at the forefront of the significant performance turnaround of the Lloyd’s market, and in the strengthening of its balance sheet, recognised by S&P Global and AM Best accrediting Lloyd’s with the highest financial strength ratings in its history.

“He has also advanced Lloyd’s position as an attractive and accessible market for global investors to place their capital through London Bridge One and Two.”

John Neal, CEO of Lloyd’s (File photograph)

Mr Neal said: “Since joining Lloyd’s as deputy CFO, Alex has played a vital role in achieving our enhanced financial strength, including recent ratings upgrades, building our investment proposition and transforming market reporting.

“She is a well-respected member of the executive committee and I have no doubt she will continue to deliver against our strategic priorities as CFO.”

He added: “I would like to thank Burkhard for his work guiding Lloyd’s to some of its best-ever financial results and his execution of the capital proposition, which has made Lloyd’s more resilient than ever.

“He has been integral in elevating Lloyd’s financial strength ratings and attracting high-profile capital investment to the market.”

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Published January 30, 2025 at 6:15 pm (Updated January 30, 2025 at 5:45 pm)

Alexandra Cliff appointed as CFO at Lloyd’s

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