Lloyd’s has appointed Rachel Turk in the new role of chief underwriting officer.

Turk will report to Lloyd’s Chief of Markets Patrick Tiernan, and her start date has yet to be announced. She will be responsible for managing the performance of the Lloyd’s market, including leading the underwriting function to support the corporation’s strategic goals. She will also be responsible for leading the discussion with all market stakeholders, including insurers, brokers and customers on their sustainability strategies.

Turk joins Lloyd’s from Beazley PLC, where she spent over 14 years in management roles, including her latest position as group head of Strategy and executive committee member. Before that, she led the U.S. Directors & Officers underwriting team at Beazley. She was formerly an Equity Analyst at JP Morgan Cazenove and is a qualified accountant.

Turk is a board member of the Lloyd’s Market Association (LMA) and the London Market Group (LMG).

Tiernan said that Turk’s “stellar reputation in the industry, alongside her technical expertise and market knowledge, will be a huge asset to Lloyd’s as we continue to enhance the performance of our market.

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SCOR announced that François de Varenne, who served as interim CEO of SCOR from Jan. 26 to April 30, 2023, and executive committee member in charge of Investments, Technology, Transformation and Group Corporate Finance, has been appointed group chief financial officer and Deputy CEO. He keeps his previous responsibilities and will be taking on the financial management of the group with immediate effect.

Ian Kelly, previously chief financial officer of SCOR, is leaving the group to pursue new professional opportunities.

de Varenne joined SCOR in 2005 as director of Corporate Finance and Asset Management, and in 2007 was named group chief operating officer and joined the executive committee. In 2008, he was appointed CEO of SCOR Global Investments. In 2021, he began oversight of an enlarged area of leadership, including Investments, Technology, Budget, Transformation and Group Corporate Finance.

Thierry Léger, CEO of SCOR, said that de Varenne “has successfully led the group on an interim basis over the past three months. He knows the company inside out and has a perfect grasp of the financial mechanisms of all our activities. I have every confidence in him to help me write this new chapter in SCOR’s history. I would like to thank Ian Kelly for his contribution to the transformation of the Finance function, particularly during the transition to IFRS 17, and wish him every success in the next stage of his career.”

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SiriusPoint Ltd. appointed Nestor Lopez as chief technology officer. He replaces Darryl Siry, who will be leaving SiriusPoint at the end of June to pursue other career opportunities.

Lopez takes on leadership of the IT team, reporting to CEO Scott Egan. He is responsible for building out SiriusPoint’s data capabilities, as well as developing and maintaining an efficient, effective, and scalable operating platform for the company.

Lopez joined SiriusPoint in 2022 as chief information officer, reporting to Siry. He has over two decades of business transformation experience leveraging technology in the insurance and financial services sectors. Prior to SiriusPoint, he served as CIO at Coaction Specialty Insurance (formerly known as ProSight Specialty Insurance). He has also held various leadership roles in information technology and operations at CNA Insurance, Fireman’s Fund Insurance Company / Allianz Group and General Electric.