Lloyd’s, the insurance and reinsurance marketplace, announced that Jim Bichard has been appointed as chief financial officer.
He will start in April 2026 and will become a member of Lloyd’s Executive Te
am, reporting directly to Patrick Tiernan, chief executive, and will join the Council of Lloyd’s.
He will replace Alexandra Cliff who is leaving Lloyd’s to pursue other opportunities.
Jim Bichard
Bichard currently leads PwC’s global insurance practice, overseeing services to clients across all industry segments. With 30
years at PwC, including five in New York, he has deep expertise in technology-enabled transformation across finance, operations, and front office.
Bichard also advises on innovative insurance and broker deals including transactions for innovative capital structures. H
e started his career in audit and moved into advisory roles including leadin
g the capital, risk and regulatory practice in UK & EMEA. He previously headed Pw
C’s UK insurance practice and the Lloyd’s, London market and broking business.
“I’m delighted to welcome Jim to Lloyd’s. He brings a deep knowledge of the global insurance industry, as well as a clear-ey
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ed view of how capital, risk and clients intersect in a changing world,” commented Tiernan.
“Lloyd’s is entering an exciting phase, as we launch a new strategy with greater global ambition, strong momentum behin
d our market and a growing opportunity to support the global economy through innovation,” Tiernan added. “Jim’s caliber, standi
ng in the market and experience will be invaluable as we continue to build an exceptional leadership team for the future of Lloyd’s.
Tiernan went on to thank Cliff for “her significant contribution to Lloyd’s over the years.”
“Her leadership has been important in strengthening the financial foundations of the Corporation and the market,” he added.
“In her time at Lloyd’s the finance team has sharpened our discipline and enhanced Lloyd’s appeal to an increasingly diverse and global pool of capital. I and the rest of the leadership
team wish her all the very best for the next phase of her career.”
Cliff’s appointment is subject to UK regulatory approval.