Management of Lloyd’s Europe

Learn more about our Executive Committee and Board of Directors through their biographies below.

Executive Committee

Jonathan May

Chief Executive Officer (Executive Committee & Board of Directors)

After starting his career with Ernst & Young, Jonathan joined Lloyd’s in 2006 to lead a number of teams across the finance function. In 2016 he relocated with his family to Shanghai to take on the role of CFO and COO for the Greater China region and in December 2018 he took on the Asia Pacific Regional CFO role. Prior to his appointment as LIC CEO, Jonathan was the LIC Chief Financial Officer and Chief Operating Officer. He was also the International CFO for Lloyd’s, responsible for Finance across the Lloyd’s international network.

Executive Board Director

Benoît Waltregny

Deputy Chief Executive Officer & Corporate and Legal Officer (Executive Committee)

Benoît has more than 25 years of experience in the financial services industry, having held key senior management and C-level positions in the banking and insurance sectors. As Deputy CEO, he is responsible for Corporate Strategy, Customer Excellence, Partnership Management, and Compliance. As General Counsel, Benoît is responsible for Legal, Regulatory, Government Policy & Affairs for Lloyd’s Europe. Benoît is Maître de Conferences at HEC (University of Liege Business School).  He holds 3 Masters degrees in law from Liège University (BE), the University of East Anglia (UK) and Harvard Law School (US).

Masumi Hashiguchi

Chief Risk Officer - Executive Committee & Board of Directors.

Masumi joined Lloyd's Europe in 2019, and in 2021-2023 led the Operational Risk Management team with the last year serving as interim Chief Risk Officer. With roots in Japan and Singapore Masumi has international experience in financial services, having started in asset management operations at Goldman Sachs in Singapore before moving to insurance, overseeing enterprise risks for AIG's P&C business across its offices in APAC. She has since held transversal roles in risk management leading the design, implementation and embedding of risk frameworks in Life and Non-Life insurers. She holds an Institute of Risk Management qualification in Financial Services Risk Management and speaks five languages, including Dutch.

Executive Board Director

Mark Cooper

Chief Market Development Officer & Head of European Branches (Executive Committee)

Mark joined Lloyd’s in 2015 and was appointed Chief Market Development Officer & Head of European Branches of Lloyd’s Insurance Company in September 2019. He is responsible for delivering Lloyd’s commercial market strategy in Europe and managing the network of Lloyd’s European offices. He spent 17 years in Dubai, the last 4 of those years as the Lloyd’s General Representative for the Middle East & Turkey markets. In this role he was responsible for shaping and implementing the business and market development strategy across the Middle East region, as well as managing the operations of the Dubai platform.  Mark’s career spans over 20 years in the international insurance industry including executive roles with Zurich, RSA and the Dubai International Financial Centre Authority before moving to Belgium.

Bertrand Heugues

Chief Underwriting Officer (Executive Committee)

Heugues began his career in 2005 as a commercial lines underwriter at Axa and then moved to Marsh where he was an alternative risk transfer advisor, responsible for structuring and negotiating tailor-made solutions for major customer segments and captive clients worldwide. He has also held a number of senior positions at Generali, including financial planning and analysis (FP&A) manager in France and chief technical officer in Belgium.

He joined Ageas in 2015 as the Global Head of Pricing and Underwriting and then became the non-life deputy Chief Operating Officer in Portugal responsible for pricing, underwriting, claims and policy administration. He was also the head of ESG.

James Davidson

Chief Finance Officer & Chief Operations Officer (Executive Committee & Board of Directors)

James joined Lloyd’s initially in 2018 as Actuarial Manager. In 2022, he was appointed Deputy Chief Financial Officer, working closely with Jonathan May. Prior to joining Lloyd’s, James worked with Generali Employee Benefits as Chief Actuary, Allianz, and MetLife, amongst other companies, for more than 20 years, gaining experience in the Insurance market environments. James is an active member of the Society of Actuaries (Ireland).

Executive Board Director

Board of Directors

Jonathan May

Chief Executive Officer (Executive Committee & Board of Directors)

After starting his career with Ernst & Young, Jonathan joined Lloyd’s in 2006 to lead a number of teams across the finance function. In 2016 he relocated with his family to Shanghai to take on the role of CFO and COO for the Greater China region and in December 2018 he took on the Asia Pacific Regional CFO role. Prior to his appointment as LIC CEO, Jonathan was the LIC Chief Financial Officer and Chief Operating Officer. He was also the International CFO for Lloyd’s, responsible for Finance across the Lloyd’s international network.

Executive Board Director

Patrick Tiernan

Chief of Markets (Board of Directors) 

Patrick Tiernan joined Lloyd’s as Chief of Markets in May 2021. He currently oversees Lloyd’s market performance, oversight and development and is responsible for distribution and the global network. He is a member of Lloyd’s Council and the Lloyd’s ESG Advisory Group.

Patrick has over 25 years of experience in the insurance industry most recently as Managing Director, UK Commercial Lines & Global Corporate & Specialty at Aviva. Other notable roles he has held previously include Chief Financial Officer (CFO) of Aviva Insurance Limited, Chief Operating Officer (COO) of StarStone Insurance and Chief Executive Officer (CEO) of Zurich’s Centrally Managed Businesses.

Non-Executive Board Director

Bruno van Lierde

Chair of the Board and Chair of the Nomination and Remuneration Committee (Board of Directors)

Bruno van Lierde is Chair or the Board and Chair of the Nomination and Remuneration Committee for Lloyd’s Insurance Company S.A. Mr. van Lierde previously held the position of Senior Partner and Managing Director of Boston Consulting Group (BCG) in Brussels. Bruno joined BCG in 1991, setting up the Brussels office in 1993 and became Chairman in 2006. He was a trusted advisor to CEOs and senior executives of financial institutions and insurance companies on issues of strategy, organisation and performance. He also advised industrial firms, transportation companies, principal investors and private equity firms. He was a member of the leadership team of BCG on People and Organisation. He has also previously held the position of Chairman of the Board for the International Chamber of Commerce (ICC) Belgium. Bruno is currently Chair of the ARC at Ethias, Audit Committee member at NRB, and Board Chair at Cliniques de l’Europe and Tempora S.A.

Independent Non-Executive Board Director

Nicole Verheyen

Chair of the Audit and Risk Committee (Board of Directors)

Nicole Verheyen has been appointed Chair of the Audit and Risk Committee and member of the Nomination and Remuneration Committee of Lloyd’s Insurance Company. Nicole has more than 20 years insurance industry experience in providing assurance services as accredited auditor and qualified actuary at EY. As Financial Services Audit Partner at EY, Nicole has built up extensive experience in the audit of insurance companies and pension funds. Thanks to various expert and management roles in the insurance industry, Nicole has gained a broad experience in financial and actuarial reviews, insurance regulation, insurance brokerage and strategic decision making. Nicole is currently a Partner at Triple A - Risk Finance Belgium, an Independent Board member at Premia Insurance Europe NV, IBP BRABO OFP and The West of England Ship Owners Mutual Insurance Association (Luxembourg), and a Board Member at the Institute of Actuaries in Belgium VZW.

Independent Non-Executive Board Director

Angela Crawford-Ingle

Member of the LIC Board of Directors and member of the LIC Audit and Risk Committee (Board of Directors)

Angela Crawford-Ingle currently holds the position of Chair of Audit Committee at Lloyd’s and TP ICAP plc. Angela has extensive experience from her previous role as a senior, high profile partner with PwC specialising in Financial Services with strong commercial and technical skills and a successful track record in developing businesses within PwC and in advising clients. Angela founded Ambre Partners, established to provide strategic advice combined with operational and financial management.

In addition to her position Chairing Lloyd’s Audit Committee, Angela has market experience from her time at Beazley where she held the positions of Chair of the Group Audit and Risk Committee and Chair of the Audit Committee of the principal operating subsidiary, Beazley Furlonge Ltd, the UK regulated entity. Angela is currently a Non-Executive Director at Rossand Consulting and at TO ICAP Plc.

Non-Executive Board Director

Peter Etzenbach

Independent Board Member (Board of Directors)

Peter Etzenbach brings extensive and international experience as a senior finance, investment, and insurance professional. Peter is currently a Senior Advisor at InPact Partners. He was Partner and senior advisor at InfraVia Capital Partners and previously held deputy CEO, CFO and CIO responsibilities at both Allianz France and AXA Japan. Peter began his career in financial services and international business at Goldman Sachs working in the London, Hong Kong, Frankfurt, and Paris offices advising on mergers and acquisitions and equity transactions. He is a German national, born in Brussels and living in France. Peter is currently a Board Member at the Franco German Chamber of Commerce.

Independent Non-Executive Board Director

Masumi Hashiguchi

Chief Risk Officer - Executive Committee & Board of Directors.

Masumi is responsible for the Risk Management function at Lloyd's Europe. She joined Lloyd's Europe in 2019, and in 2021-2023 led the Operational Risk Management team with the last year serving as interim Chief Risk Officer for the company. With roots in Japan and Singapore, Masumi has international experience in the financial services sector. Her career started in asset management operations at Goldman Sachs in Singapore before landing in the insurance industry, overseeing enterprise risks for AIG's P&C business across its offices in Asia Pacific. She has since held transversal roles in risk management, leading the design, implementation and embedding of risk frameworks in Life and Non-Life insurers. Masumi holds an Institute of Risk Management (IRM) qualification in Financial Services Risk Management and speaks five languages, including Dutch.

Executive Board Director

James Davidson

Chief Finance Officer & Chief Operations Officer (Executive Committee & Board of Directors)

James joined Lloyd’s initially in 2018 as Actuarial Manager. In 2022, he was appointed Deputy Chief Financial Officer, working closely with Jonathan May. Prior to joining Lloyd’s, James worked with Generali Employee Benefits as Chief Actuary, Allianz, and MetLife, amongst other companies, for more than 20 years, gaining experience in the Insurance market environments. James is an active member of the Society of Actuaries (Ireland).

Executive Board Director