Sheila Cameron, currently head of International Operations at Navigators Underwriting Ltd., is to become the next CEO of the Lloyd’s Market Association (LMA), following the announcement that David Gittings will be stepping down at the end of the year after 12 years in the role.

Cameron currently has responsibility for leading all operational and change management activity within Navigators International, which includes its Lloyd’s business together with its global platforms in Europe, Asia and Latin America.

Prior to joining Navigators, Cameron was director of group operations at Hiscox and held a number of roles at Xchanging, including COO of Xchanging’s claims business. She began her career at management consultancy Accenture.

She is chairman of the LMA Operations Committee and a member of the Target Operating Model Board.

“David has worked successfully over many years to ensure that the interests of market firms have been effectively represented, and we will be sorry to see him go,” said Neil Maidment, chairman of LMA. “I would like to take this opportunity to thank him on behalf of our members for all he has achieved. Sheila’s background and experience in the London market will be invaluable in driving the LMA’s agenda forward.”

Cameron said: “I am honored and excited to lead the LMA, building on David’s immense work. The LMA plays a crucial role in making the market a better place for all its participants. I look forward to working together with Lloyd’s on the evolution of its strategy, a renewed focus on our customers and the delivery of market modernization.”

The LMA represents the interests of the Lloyd’s underwriting community. All underwriting businesses at Lloyd’s are members, together managing gross premium income of around £32 billion ($41.2 billion) per annum.

Source: Lloyd’s Market Association