Richard Ward has announced his intention to resign as CEO of Lloyd's at the end of the year.

Ward spent nearly eight years in the role. His decision was announced today by the Council of Lloyd's.

“It has been a huge privilege to lead this great institution, and I am very proud of what has been achieved in my time as chief executive,” Ward says, in a statement. “This has not been an easy decision to make but, as Lloyd's longest-serving CEO, I believe it is now right to hand over the reins to someone else to take Lloyd's into its next chapter.”

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