Ex-Lloyd’s Chairman Sax Riley Dead at 63

Sax Riley, immediate past chairman of Lloyd’s, collapsed and died July 25 while playing golf in Surrey, England. He was 63.

Riley retired from Lloyd’s last year under amicable circumstances, clearing the way for Lord Peter Levene to take over the chairmanship duties. Riley was CEO of the London-based brokerage Sedgwick PLC before moving to Lloyd’s.

Riley is credited with bringing about a series of modernization reforms at Lloyd’s, including changing its franchise board. Riley was also admired for his handling of the grave blow dealt to the insurance industry by the Sept. 11 terrorist attacks.