Global hub London Market Group (LMG) has appointed Sean McGovern, CEO of UK & Lloyd’s, AXA XL, as chair.
McGovern will replace Matthew Moore who will step down from the role in December after a three-year tenure. Moore, who is executive vice president and president of underwriting at Liberty Mutual Global Risk Solutions, will remain a member of the LMG board.
Commenting on his departure, Moore says: “The last three years have particularly challenged the London Market’s prominent position as the leader for specialty insurance.
“During this time the LMG has responded with characteristic energy and intelligence to plot out our path for future success. Our relationships with the UK Government, international customers and brokers, and market practitioners have never been stronger. I am delighted that Sean is taking on the chair. He has a depth and breadth of experience in the London Market that will be invaluable in continuing to build the work on which the LMG is focused.”
McGovern comments: “I know that I speak for the Board in thanking Matthew for the energy and wisdom he has given to the market in the last three years, providing great leadership through the COVID-19 pandemic and leaving the LMG in a really strong position to drive the market’s agenda.
He adds: “I have served on the board of the London Market Group since 2019, leading its regulatory and government relations work for most of that time. This has allowed me to see first hand exactly how critical cross-market support is for projects that can stimulate growth, promote our interests as an industry and deliver positive change. I look forward to working with the Board and the CEO on all of these challenges as the LMG’s new chair.”
