Jardine emerges as market favourite for Lloyd’s CEO: poll
A snap reader poll by The Insurance Insider has revealed XL Catlin’s Paul Jardine as a clear market favourite to take the top job at Lloyd’s.
In a survey that secured 296 responses, The Insurance Insider asked readers who they wanted to take the helm at the Corporation, from a selection of frontrunners identified through an early canvas of the market.
Jardine, the outgoing chief experience officer at XL Catlin, received 42 percent of the votes – four times that of the next most popular candidate.
Respondents also indicated strongly that they wanted a candidate from within the insurance market (87 percent), rather than an external figure (13 percent).
Jardine, who is set to leave XL Catlin this year after its sale to Axa completes, is well respected and has the strong operational experience required for the Lloyd’s job.
He also has good knowledge of Lloyd’s itself as a long-serving member of the Council and previous deputy chairman, and is a member of the Lloyd’s Market Association (LMA) board.
Second in the running was Dominic Christian, chair of Aon Benfield, with 11 percent of the vote, closely followed by Neil Maidment, CUO of Beazley (10 percent) and Bronek Masojada, CEO of Hiscox (9 percent).
Christian, also a Lloyd’s Council member, could be a serious contender should the Lloyd’s nominations committee go for an intermediary. His experience covers reinsurance due to his leading role at Aon Benfield, and the primary market thanks to his stint as CEO of Aon’s UK insurance entity. Having taken on the chairmanship in March and stepped back from other roles, some believe he is looking to exit Aon.
Maidment is chairman of the LMA and due to retire from Beazley, making him available for the role. Meanwhile, Masojada has attracted some support, but has already ruled himself out of the race.
Former Willis Re CEO John Cavanagh received a similar proportion of the vote, but, while he is passionate about Lloyd’s, some would question whether he would want the role given that he is around 60 years old.
Former Canopius CEO Stuart Davies was mentioned regularly in early canvassing, but received just 5 percent of the vote.
Other figures who received single-digit proportions were: Rupert Atkin, chairman of Talbot; Steve Hearn, CEO of Ed; Sean McGovern, chief compliance officer at XL Catlin; and Clive Buesnel, former executive director of Xchanging.
The two senior Lloyd’s staff who had been tipped for the role – chief commercial officer Vincent Vandendael and performance management director Jon Hancock – also attracted just a handful of votes each.
The survey prompted a few new suggestions from readers, including Andrew Kendrick, senior vice president of Chubb Group and regional president of Europe for the US carrier.