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Moss and Fisher in surprise departures

Although informally tipped as a potential successor to Nick Prettejohn as the Corporation's chief executive, Moss will leave the post in the spring after three and a half years as director of finance and risk management operations. In that time, he received plaudits for beginning the process of changing Lloyd's accounting from three years to one year.

Nick Prettejohn commented in a market circular: “Andrew has made a huge contribution to Lloyd's in his time as finance director and I am extremely grateful for all his hard work and dedication. I am very sorry to see Andrew go and I wish him every success in his new role."

Prettejohn continued: “Andrew will continue as finance director at Lloyd's until he joins Aviva later in the year. I have started a search for his successor and will keep you posted on developments."

Moss joins Aviva on a salary of £440,000 and he will also become a main board director. Richard Harvey, Aviva's group chief executive, paid tribute to Moss's “right combination of skills and experience".

Separately, Lloyd's has recently appointed Duncan Wilkinson, the former St Paul at Lloyd's chief executive, as the new Lloyd's run-off manager.

Sian Fisher became the second respected London market executive to announce a surprise resignation on 30 January when she ended her 18-year relationship with Hiscox, a day after Lloyd's finance director Andrew Moss resigned.

Fisher joined the firm in 1986 as an underwriter and carved a reputation as a talented operator. In 2001, she became head of Hiscox Insurance, Hiscox's FSA-authorised insurance company.

As with Lloyd's, Hiscox do not currently have a successor in place although the insurer said a new managing director would be appointed “in due course". In the meantime, Hiscox group chief executive Bronek Masojada will take control.

In a statement, Masojada commented: “I want to record our sincere thanks to Sian for the role she has played in building the UK retail business. The business has traded well in 2003 and I look forward to this continuing in 2004."

Separately, Peter Sydenham will return to GE Frankona Re from GoshawK to head a newly combined global marine and energy (re)insurance business based in London. The reinsurer is also consolidating its three aviation units, aviation direct, aviation reinsurance and aviation terrorism, into a new, Munich based global unit headed by Florian Karner. Robbie Klaus, the former manager of the aviation and marine reinsurance teams, will leave the reinsurer after nearly 18 years with the company.

General Re's London market (re)insurer Faraday Group also revealed last week that it received approval from Lloyd's and the Financial Services Authority to appoint Mark Rayner and Paul Ceurvorst as joint chief underwriting officers of Faraday and active underwriter of Syndicate 435.

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