Cliff joined Lloyd’s as Deputy CFO in November 2022 and currently serves on the Executive Committee. She brings over 20 years of experience in the insurance industry, having held senior finance roles at companies including Direct Line Group, StarStone, and AJ Gallagher. A Chartered Accountant, Ms. Cliff also spent eight years at PwC in both London and the US.
Cliff succeeds Burkhard Keese, who will be leaving Lloyd’s to pursue investment opportunities in the German insurance market. Keese will remain a strategic advisor to Lloyd’s, focusing on the development of the London Bridge 2 risk transfer vehicle.
Keese joined Lloyd’s in 2019 and played a key role in the market’s significant performance turnaround and the strengthening of its balance sheet, which led to Lloyd’s receiving the highest financial strength ratings from S&P Global and AM Best. He also advanced Lloyd’s position as a market attractive to global investors through the development of London Bridge 1 and 2
John Neal, Lloyd’s CEO, 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.
“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.”