Lloyd’s Welcomes Bichard from PwC as New CFO, Taking Over from Cliff

Lloyd’s, the renowned insurance and reinsurance marketplace, has announced the appointment of Jim Bichard as its new chief financial officer. Bichard is set to begin his role in April 2026, joining the Lloyd’s Executive Team and reporting directly to Patrick Tiernan, the chief executive. In addition to his executive responsibilities, he will also become a member of the Council of Lloyd’s.

Bichard will succeed Alexandra Cliff, who is leaving Lloyd’s to explore new opportunities. This transition marks a significant change in leadership within the organization.

Bichard currently leads PwC’s global insurance practice, where he oversees a wide range of services for clients across various industry segments. With an impressive 30-year tenure at PwC, including five years in New York, he possesses extensive expertise in technology-enabled transformation across finance, operations, and front office functions.

His advisory role extends to innovative insurance and broker deals, including transactions involving cutting-edge capital structures. Bichard began his career in audit before transitioning into advisory roles, where he notably led the capital, risk, and regulatory practice in the UK and EMEA. He has also headed PwC’s UK insurance practice, as well as the Lloyd’s, London market, and broking business.

“I’m delighted to welcome Jim to Lloyd’s,” commented Tiernan. “He brings a deep knowledge of the global insurance industry, as well as a clear-eyed view of how capital, risk, and clients intersect in a changing world.”

Tiernan further emphasized the exciting phase Lloyd’s is entering, stating, “We are launching a new strategy with greater global ambition, strong momentum behind our market, and a growing opportunity to support the global economy through innovation. Jim’s caliber, standing in the market, and experience will be invaluable as we continue to build an exceptional leadership team for the future of Lloyd’s.”

In his remarks, Tiernan also expressed gratitude to Cliff for her “significant contribution to Lloyd’s over the years.” He acknowledged her leadership in strengthening the financial foundations of the Corporation and the market, noting, “In her time at Lloyd’s, the finance team has sharpened our discipline and enhanced Lloyd’s appeal to an increasingly diverse and global pool of capital. I and the rest of the leadership team wish her all the very best for the next phase of her career.”

Cliff’s appointment is subject to UK regulatory approval.

(For international people moves)

Topics
Excess Surplus
Lloyd’s

Lloyd’s, the renowned insurance and reinsurance marketplace, has announced the appointment of Jim Bichard as its new chief financial officer. Bichard is set to begin his role in April 2026, joining the Lloyd’s Executive Team and reporting directly to Patrick Tiernan, the chief executive. In addition to his executive responsibilities, he will also become a member of the Council of Lloyd’s.

Bichard will succeed Alexandra Cliff, who is leaving Lloyd’s to explore new opportunities. This transition marks a significant change in leadership within the organization.

Bichard currently leads PwC’s global insurance practice, where he oversees a wide range of services for clients across various industry segments. With an impressive 30-year tenure at PwC, including five years in New York, he possesses extensive expertise in technology-enabled transformation across finance, operations, and front office functions.

His advisory role extends to innovative insurance and broker deals, including transactions involving cutting-edge capital structures. Bichard began his career in audit before transitioning into advisory roles, where he notably led the capital, risk, and regulatory practice in the UK and EMEA. He has also headed PwC’s UK insurance practice, as well as the Lloyd’s, London market, and broking business.

“I’m delighted to welcome Jim to Lloyd’s,” commented Tiernan. “He brings a deep knowledge of the global insurance industry, as well as a clear-eyed view of how capital, risk, and clients intersect in a changing world.”

Tiernan further emphasized the exciting phase Lloyd’s is entering, stating, “We are launching a new strategy with greater global ambition, strong momentum behind our market, and a growing opportunity to support the global economy through innovation. Jim’s caliber, standing in the market, and experience will be invaluable as we continue to build an exceptional leadership team for the future of Lloyd’s.”

In his remarks, Tiernan also expressed gratitude to Cliff for her “significant contribution to Lloyd’s over the years.” He acknowledged her leadership in strengthening the financial foundations of the Corporation and the market, noting, “In her time at Lloyd’s, the finance team has sharpened our discipline and enhanced Lloyd’s appeal to an increasingly diverse and global pool of capital. I and the rest of the leadership team wish her all the very best for the next phase of her career.”

Cliff’s appointment is subject to UK regulatory approval.

(For international people moves)

Topics
Excess Surplus
Lloyd’s