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Monday 04 February, 2019

Lloyds Of London

Burkhard Keese appointed Lloyd's CFO

RNS Number : 0085P
Lloyds Of London
04 February 2019
 

Burkhard Keese appointed Lloyd's Chief Financial Officer

 

Burkhard Keese has been confirmed as the Chief Financial Officer (CFO) of Lloyd's following the unanimous approval of his appointment as successor to John Parry by the Council of Lloyd's.

 

Burkhard will take up his position at Lloyd's on 1 April 2019, following 14 years at Allianz Group. Since 2012 he has been the Chief Financial Officer of Allianz Deutschland AG, Germany´s largest insurer with over €34bn in premiums.  Prior to this Burkhard was Executive Vice President and Chief Operating Officer of the global finance function of Allianz.

 

During his time as CFO of Allianz Deutschland AG, Burkhard successfully implemented the internal models for Solvency II, introduced a value generating growth strategy and initiated several large transformation programmes. As the CFO of Allianz Germany, Burkhard has also been responsible for the firm's €300bn investment portfolio.

 

John Neal, Chief Executive Officer of Lloyd's, said:

 

"I am delighted to welcome Burkhard to Lloyd's. He is an accomplished Chief Financial Officer with leadership experience across financial, capital and investment management as well as proven expertise in business transformation.

 

"Burkhard joins Lloyd's at an exciting time. We are working with all our stakeholders to significantly improve near term profitability and ensure Lloyd's remains at the forefront of commercial, corporate and specialty insurance and reinsurance for years to come."

 

Commenting on his appointment, Burkhard added:

 

"It has been a tough decision to leave Allianz Deutschland, but I'm excited to join Lloyd's in 2019 as its Chief Financial Officer. For me, it is an incredible opportunity to play a part in Lloyd's success.

 

"For 330 years Lloyd's has been taking on the world's risks and that longevity demonstrates its enduring relevance. As one of the oldest and most respected insurance brands in the world, there is nothing else like it, and I'm thrilled to be given this opportunity."

 

Burkhard's responsibilities as Lloyd's CFO will include financial reporting for the Corporation and the market, capital setting and capital adequacy, tax, treasury and investment management.

 

The Prudential Regulation Authority and the Financial Conduct Authority are minded to approve the appointment, subject to the completion of outstanding checks.

 

-ENDS-

 

Notes to Editors

1.   Lloyd's studio is available for TV and radio broadcasts

2.   More news and information available from lloyds.com

 

Enquiries to:

Nathan Hambrook-Skinner

Senior Media Relations Manager

Tel: +44 (0)20 7327 6125            Email: [email protected]

 

About Lloyd's

Lloyd's is the world's specialist insurance and reinsurance market.

With expertise earned over centuries, Lloyd's is the foundation of the insurance industry and the future of it. Led by expert underwriters and brokers in more than 200 territories, the Lloyd's market develops the essential, complex and critical insurance needed to underwrite human progress. 

Backed by diverse global capital and excellent financial ratings, Lloyd's works with a global network of over 4000 insurance professionals to grow the insured world - building resilience for businesses and local communities and strengthening economic growth around the world. 

 

 


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