Lloyd’s has announced the appointment of Jim Bichard as Chief Financial Officer, with effect from April 2026, strengthening its executive leadership as the market enters its next phase of strategic growth.

Bichard will join Lloyd’s Executive Team, reporting to Chief Executive Patrick Tiernan, and will also become a member of the Council of Lloyd’s. His appointment is subject to regulatory approval.

Currently leading PwC’s global insurance practice, Bichard brings three decades of industry experience, spanning audit, advisory and large-scale transformation programmes across finance, operations and front-office functions. His background includes extensive work with insurers, reinsurers and brokers globally, advising on technology-enabled transformation, capital optimisation, and innovative deal structures, including alternative and structured capital.

His experience is deeply rooted in the London market. Bichard previously led PwC’s UK insurance practice as well as its Lloyd’s, London market and broking business, and has also held senior roles across UK, EMEA and North America, including five years based in New York.

Patrick Tiernan said the appointment comes at a pivotal moment for Lloyd’s, as it launches a new strategy with greater international ambition and a stronger focus on innovation and capital efficiency. He highlighted Bichard’s ability to connect capital, risk and client needs as particularly relevant as Lloyd’s looks to expand its role in supporting global economic resilience.

Bichard said he was looking forward to joining Lloyd’s at a time when the market’s relevance to global trade, risk transfer and innovation is becoming increasingly pronounced. He emphasised Lloyd’s unique position in absorbing complex risks and supporting sustainable growth for clients and capital providers alike.