London Market Group (LMG) have revealed the appointment of Chris Beazley as its first permanent CEO. Chris will replace Ben Reid, who was seconded from EY as interim CEO. Ben will re-join EY where he has been promoted to executive director. Chris assumes his position on 7 November and will work with Ben during the handover period. Nicolas Aubert, chairman of the LMG said, “We are delighted that Chris is joining us to take our growth and modernisation agenda forward to the next stage. Ben has done a tremendous job in building out our workstreams and has delivered real progress in our activities around telling the London market story and, working across government and Parliament to help create a better business environment for specialty (re)insurance in London. Ben will continue to push ahead with this agenda through the autumn. These are strong foundations on which to build, and Chris’ deep understanding of the market and experience both here and in other markets, will provide the leadership and drive to do just that.” Chris Beazley shared his thoughts on LMG and his new position saying, “LMG has been transformed over the last several years and it is an exciting time to be taking over as the first permanent CEO. There is no doubt the business environment is more challenging than ever for companies within the London Market. However we have widespread support for the four focal areas of our work which means LMG is very well placed to help London maintain and build on its position as the undisputed global market for specialty commercial (re)insurance.”
