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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 to ensure Lloyd’s can remain at the forefront of commercial, corporate and specialty insurance and reinsurance for years to come.”

Commenting on his appointment, Keese 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.”

Keese’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.

 

Alpha comment: after a number of departures from the Lloyd’s Executive it is encouraging to see that Lloyd’s is recruiting people of this calibre, with further announcements expected soon. We very much look forward to meeting Burkhard.