Burkhard KEESE confirmed as CFO of Lloyd's

28 March 2019 — Daniela GHETU
Burkhard KEESE has been confirmed as the Chief Financial Officer (CFO) of Lloyd's following the unanimous approval of his appointment as successor to John PARRY by the Council of Lloyd's.

Burkhard will take up his position at Lloyd's on 1 April 2019, following 14 years at Allianz Group. Since 2012 he has been the Chief Financial Officer of Allianz Deutschland AG, Germany's largest insurer with over EUR 34 billion in premiums.  Prior to this Burkhard was Executive Vice President and Chief Operating Officer of the global finance function of Allianz.

During his time as CFO of Allianz Deutschland AG, Burkhard successfully implemented internal models for Solvency II, introduced a value generating growth strategy and initiated several large transformation programs. As the CFO of Allianz Germany, Burkhard has also been responsible for the firm's EUR 300 billion investment portfolio.

John NEAL, Chief Executive Officer of Lloyd's, said, "I am delighted to welcome Burkhard to Lloyd's. He is an accomplished Chief Financial Officer with leadership experience across financial, capital and investment management as well as proven expertise in business transformation. Burkhard joins Lloyd's at an exciting time. We are working with all our stakeholders to significantly improve near term profitability and to ensure Lloyd's can remain at the forefront of commercial, corporate and specialty insurance and reinsurance for years to come."

Commenting on his appointment, Burkhard added, "It has been a tough decision to leave Allianz Deutschland, but I'm excited to join Lloyd's in 2019 as Chief Financial Officer. For me, it is an incredible opportunity to play a part in Lloyd's success. For 330 years, Lloyd's has been taking on the world's risk, and that longevity demonstrates its enduring relevance. As one of the oldest and most respected insurance brands in the world, there is nothing else like it, and I'm thrilled to be given this opportunity."

Burkhard's responsibilities as Lloyd's CFO will include financial reporting for the Corporation and the market, capital setting and capital adequacy, tax, treasury and investment management.

The Prudential Regulation Authority and the Financial Conduct Authority are tasked with approving the appointment, subject to the completion of outstanding checks.

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