Richard Pryce of QBE appointed to Lloyd's Franchise Board

Lloyd’s have revealed that Richard Pryce, CEO for QBE European Operations, has been appointed by the Council of Lloyd’s as a non-executive director of the Franchise Board, the body which is responsible for the day-to-day running of the Lloyd’s market. Pryce takes up his role as a market connected non-executive director this month, replacing Nicholas Furlonge, who has retired from his role on the Board after nine years of service. Lloyd’s Chairman John Nelson said, “Richard has unrivalled experience of the market both here in the UK and globally. He will bring an informed view that will help challenge the board and Lloyd’s to ensure we are continuing to support the market in the best way possible.” Pryce said of the opportunity, “This is an exciting time to be joining the Lloyd’s Franchise Board. There is no shortage of major issues approaching and the role of the Board will be critical in ensuring the market can navigate them successfully and thrive.”