Lloyd’s Performance Management Director, Bolt, to Leave Corporation Next Year

Lloyd’s of London announced its director of performance management, Tom Bolt, has decided to leave the corporation in mid-2016, after almost seven years of front line service.

Bolt was appointed in September 2009, and is a member of Lloyd’s executive team. He is responsible for the commercial oversight of the Lloyd’s market, working with individual syndicates to improve the market’s overall performance.

During Bolt’s tenure, he led the introduction of a minimum standard framework for Lloyd’s managing agents, delivered the claims transformation program, which significantly improved the speed of claims payments, and oversaw improvements that underpinned growth in the market’s delegated authority distribution network, Lloyd’s said in a statement.

“Tom has made an outstanding contribution to the strength and success of the Lloyd’s market as it is today. He is respected and admired in the market, working closely with the underwriting community to ensure that the Lloyd’s market can flourish in what have been challenging times,” said Inga Beale, chief executive officer at Lloyd’s. “I have enjoyed working alongside Tom immensely and wish him every success in the future.”

“Working at Lloyd’s has been a highlight of my career, and the decision to leave a difficult one,” according to Bolt. “I have enjoyed working alongside the market and my team at Lloyd’s, and proud of what we have achieved together. However the time is now right for me to hand over the reins and explore new opportunities.”

Lloyd’s said it will start the search process to find Tom’s successor immediately.

Source: Lloyd’s of London