Wendy Baker, president of Lloyd's America, has decided to leave her post at year's end after nine years, it was announced last week. No replacement has been designated.
The announcement from Sue Langley, head of Market Operations and North America at Lloyd's, capped a busy week at the market, which also released a new three-year plan emphasizing underwriting discipline. Meanwhile, Tokio Marine announced an agreement to acquire Kiln Ltd.–the fourth-largest agency trading in the Lloyd's market–for nearly $900 million.
Ms. Langley said Ms. Baker had played a significant role in developing Lloyd's U.S. presence since she took her post in 1998.
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