Lloyd's of London appoints first new general counsel in 27 years
Claire Schrader has been named as the insurance giant’s interim GC.
Lloyd’s of London has named its next general counsel.
Claire Schrader has been named as the insurance giant’s interim GC after Peter Spires stepped down in August 2023 after 27 years in the role.
Schrader has been has been with Lloyd’s since 2000 after joining from Linklaters, where she was a solicitor for four years according to her LinkedIn profile. She became head of legal at Lloyd’s in 2017.
John Neal, Lloyd’s CEO, commented: “During Claire’s time at Lloyd’s she has built a strong reputation among her colleagues in the Corporation and throughout the market as a trusted legal adviser. She is a great role model for our future leaders, and I’m extremely pleased to confirm her permanently in a role which is critical to Lloyd’s delivering on its strategic priorities.”
Lloyd’s was launched by Edward Lloyd in his London coffee shop in 1688, initially focusing on marine insurance before expanding into other risks.
Schrader is the latest in a series of high-profile in-house counsel appointments over recent months. In January, private equity giant CVC Capital Partners changed the structure of its legal leadership and appointed former A&O partner Brechje van der Velden its chief of legal and compliance officer.
Meanwhile, in December 2023, KMPG’s U.K. general counsel, Jeremy Barton, stepped down from the role after eight years helming the Big Four firm’s in-house legal team.