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Kendrick replaces Brit CEO as LMA chairman

Musical chairs among the senior London market underwriting associations saw the chairman and chief executive of ACE's European operations Andrew Kendrick replace Brit's Dane Douetil as chairman of the Lloyd's Market Association (LMA).

The LMA is the body that, since its formation in 2001, has represented businesses underwriting at Lloyd's. The appointment comes only weeks after Lloyd's unveiled a bold three-year strategy designed to make the Society a more attractive platform to operate from.

Douetil, the chief executive of UK quoted insurer Brit Insurance Holdings plc, stepped down from the LMA following his appointment as Nick Prettejohn's successor to the Market Reform Group, the body overseeing process reform such as contract certainty in the London market.

The MRG also said that it would review its chairman every year. The post fell vacant following Prettejohn departure as chief executive of Lloyd's to UK insurer Prudential plc.

According to the LMA, the three main issues on Kendrick's agenda are liaising with the Lloyd's franchise board, ensuring momentum is maintained on process reform and continuing the discussions to ensure transparency of broker remuneration.

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