The London Market Group (LMG)’s appointment of Clare Lebecq as its next CEO is great news for several reasons.
For one thing, it’s great to see such a senior market role going to a woman. With Inga Beale’s impending departure from Lloyd’s, there aren’t many female role models at the top in EC3, so to have a woman leading such an important trade body at a pivotal time for the market is welcome.
But it’s also important to note that this isn’t some tokenistic appointment to tick a box on quotas. Lebecq is there on merit.
In a reportedly robust interview process, led by the LMG board, outgoing CEO Chris Beazley and Lloyd’s head of talent sourcing Paul Awcock, Cass Business School alumna Lebecq fought off tough competition from more than a dozen short-listed applicants to take the crown.
Among the strings to her bow are her operations roles at JLT, Sagicor, Cooper Gay and Guy Carpenter.
A passionate London market advocate, Lebecq has also sat on various Target Operating Model (Tom) committees, and has a role on the Strategic Design Authority, which owns the architecture for the Tom and ensures all the project designs are compliant with that blueprint.
If that wasn’t enough, she’s also been involved with the PPL initiative from the very beginning and runs JLT Specialty’s Brexit programme.
And, underlining the importance of the role, Lebecq is the first LMG CEO to permanently commit to the position, with the executive set to leave her job as operations director at JLT Specialty in November.
The LMG’s inaugural CEO was Ben Reid, who was seconded from EY as an interim CEO, and later replaced by Beazley, who departs halfway through his planned three-year term to return to MS Amlin.
Beazley has done a fantastic job mobilising the troops behind the LMG, including helping to launch the London Makes It Possible campaign and engaging with the government and Parliament to ensure the market’s position is well understood through the Brexit process.
But now, with LMG chairman Andrew Horton and Lebecq’s market understanding, both operationally and from a distribution perspective, the London market’s growth and modernisation agenda is undoubtedly in good hands.