Chubb, Lloyd’s, and others announce new CIOs amid a flurry of changes

Several new CIOs join some of the world’s biggest names in insurance.

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Changes ahoy for several companies with new Chief Investment Officers taking the helm.

There has been a flurry of new Chief Investment Officers (CIO) around the world.

Lloyd’s, the marketplace, which recently announced a new CEO, has also reshuffled its executive team.

The marketplace recently announced that Alexandra Cliff was promoted from Deputy Chief Financial Officer to Chief Financial Officer.

Not included in the reshuffle at the executive level, but among other recent changes in senior staffing, included Eleanor Bucks leaving her position as CIO at Lloyd’s. Bucks will stay on as a non-executive director for several boards, including Phoenix Group.

Bucks joined in 2021 as the first CIO at the marketplace. Her role has been taken over by Guillermo Donadini, a former CIO of AIG, who announced his new position on LinkedIn.

"For more than 25 years, Tim has shaped and managed our investment strategies and built and led our investment organisation globally."

Another recent change was Chubb Limited announcing that Tim Boroughs has been named Vice Chairman, Chubb Group and Executive Chairman, Asset Management. Alongside this, Chris Hogan has been promoted to Senior Vice President, Chubb Group and Chief Investment Officer, and will report to Boroughs.

"For more than 25 years, Tim has shaped and managed our investment strategies and built and led our investment organisation globally,” said Chubb Chairman and CEO Evan Greenberg.

Elsewhere, Ratnakar Patnaik has resigned as CIO of Life Insurance Corp of India to become a Managing Director, among several other senior staffing changes at the company.

Other new CIOs include Richard Roberts at Pool Re, who was appointed in April.