Lloyds recently announced that Tom Bolt has been appointed as the new underwriting performance director, pending approval by the Financial Services Authority. He plans to assume his new post in the early Fall, replacing Rolf Tolle who will retire at the end of the year.
Bolt has more than 25 years experience in international insurance and reinsurance across the UK, United States and Europe, most recently as managing director of Marlborough Managing Agency.
In his new role as underwriting performance director, Bolt and his team will be responsible for working with individual Lloyd's businesses to improve the commercial performance of the market. This includes monitoring each syndicates performance against its business plan, and ensuring its adhering to underwriting guidelines.
I am delighted that Tom has accepted the role of underwriting performance director, says Lloyds CEO, Richard Ward. He has a great reputation and track record, and the perfect mix of technical knowledge and commercial experience that will enable him to work in partnership with the market.
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