Lloyd’s of London, the specialist insurance and reinsurance marketplace, announced the appointment of David Sansom as its permanent chief risk officer, subject to regulatory approval.
In this role, Sansom oversees all areas of risk management, as well as oversight for market-level risks. He also manages Lloyd’s relationship with regulators globally.
Formerly director of financial services risk at EY, Sansom has served Lloyd’s interim CRO since October 2018. He previously worked in roles for the FSA and HM Treasury and has led a broad range of risk and regulatory engagements for EY.
Sansom assumes the CRO role from Hilary Weaver, who left in March after 16 years with the company. Weaver’s departure came in the same month Bloomberg published an exposé detailing widespread sexual harassment in the insurance market.
Following that report, Lloyd’s in May commissioned a “culture” survey, the largest ever conducted by the insurance sector, to better understand the working cultures that exist across the Lloyd’s market, including standards of behavior and conduct, and to inform further action. The results will be released in a report Sept. 24.