CFO Keese to depart Lloyd’s, remain advisor with focus on development of London Bridge

12 hours ago 2

Lloyd’s of London CFO Burkhard Keese is to depart the market to focus on investment roles in the German insurance sector, but he is set to remain a strategic advisor with a focus on developing the risk transfer vehicle London Bridge 2.

burkhard-keese-lloyds Keese started his time at Lloyd’s in 2019 and while CFO has played a key role in developing the market as an attractive and accessible venue for global investors to place their capital against insurance and reinsurance risks, through the London Bridge 1 and 2 insurance-linked securities (ILS) structures.

It was recently reported that Lloyd’s London Bridge risk transformation and insurance-linked securities (ILS) platform has now seen $1.92 billion of capital deployed through its cells, with $2.55 billion of capital committed.

Keese has played an instrumental role in turning the UK-based ILS structure into an efficient route for investors, including some ILS funds, to deploy capital into the Lloyd’s marketplace, with the structure also being used for catastrophe bond issuance.

Keese will be succeeded in the Lloyd’s CFO role by Alexandra Cliff from May 2025.

Cliff joined Lloyd’s as Deputy CFO in November 2022 and serves on the Executive Committee. She has more than 20 years of experience in the insurance industry, with senior finance roles held at Direct Line Group, StarStone, and AJ Gallagher and also having spent eight years at PwC in both London and the US.

John Neal, Lloyd’s CEO, commented, “Since joining Lloyd’s as Deputy CFO, Alex has played a vital role in achieving our enhanced financial strength, including recent ratings upgrades, building our investment proposition and transforming market reporting. She is a well-respected member of the Executive Committee, and I have no doubt she will continue to deliver against our strategic priorities as CFO.

“I would like to thank Burkhard for his work guiding Lloyd’s to some of its best-ever financial results and his execution of the capital proposition, which has made Lloyd’s more resilient than ever. He has been integral in elevating Lloyd’s financial strength ratings and attracting high-profile capital investment to the market.”