Alexandra Cliff to replace Burkhard Keese as Lloyd’s CFO

Alexandra Cliff is set to take over from Burkhard Keese as Chief Financial Officer (CFO) of the specialist Lloyd’s insurance and reinsurance marketplace on May 1st, 2025.

The appointment is part of a long-established succession plan, with Cliff having served as Deputy CFO since November 2022.

She currently serves on the Lloyd’s Executive Committee and brings more than two decades of experience in the insurance industry to the role. Previously, Cliff held senior financial roles in insurance and broking companies including Direct Line Group, StarStone, and Gallagher. She also spent eight years with PwC in both London and the U.S.

Cliff takes over from Keese, who joined Lloyd’s as CFO in 2019 from Allianz. Lloyd’s confirms that Keese is leaving to focus on investment roles in the German insurance market, but will remain a strategic advisor to Lloyd’s and will focus on the development of the risk transfer vehicle London Bridge 2.

During his tenure as CFO, Keese has been at the forefront of the impressive turnaround of the Lloyd’s marketplace, which led S&P Global and AM Best to assign the market with the highest financial strength ratings in its history.

As explained by Lloyd’s, Keese also advanced the market’s position as an attractive and accessible market for global investors to place their capital through both London Bridge 1 and 2.

“Since joining Lloyd’s as Deputy CFO, Alex has played a vital role in achieving our enhanced financial strength, including recent ratings upgrades, building our investment proposition and transforming market reporting. She is a well-respected member of the Executive Committee, and I have no doubt she will continue to deliver against our strategic priorities as CFO,” said John Neal, Lloyd’s CEO.

“I would like to thank Burkhard for his work guiding Lloyd’s to some of its best-ever financial results and his execution of the capital proposition, which has made Lloyd’s more resilient than ever. He has been integral in elevating Lloyd’s financial strength ratings and attracting high-profile capital investment to the market,” he added.

This announcement comes just weeks after Lloyd’s, the world’s oldest insurance and reinsurance marketplace, confirmed that CEO Neal is departing in 2025 to join broking group Aon. So, the Lloyd’s market will have a new CEO and CFO in 2025.

This website states: The content on this site is sourced from the internet. If there is any infringement, please contact us and we will handle it promptly.