Marc Lipman Appointed President of Lloyd’s Canada

Lipman also named Attorney-in-Fact for Lloyd’s Underwriters

Toronto, ON (June 5, 2020) – Specialist (re)insurer Lloyd’s has appointed Marc Lipman the new president of Lloyd’s Canada, and Attorney-in-Fact (AIF) for Lloyd’s Underwriters.

Marc assumes the role of AIF from Lisa Duval, who stepped in last year on an interim basis and now returns to Lloyd’s International Regulatory Affairs in London.

Marc brings to Lloyd’s a wealth of industry experience and a deep understanding of the Canadian (re)insurance sector. Marc joins Lloyd’s from AIG Insurance Company of Canada, where he held a series of senior leadership roles over a span of more than 14 years.  Most recently Marc was Chief Operating Officer and acted as AIG Canada’s innovation officer, with responsibility for leading the company’s transformation efforts. He also previously served as Vice President, General Counsel & Secretary and as AIG’s Chief Legal & Regulatory Officer, working across their property, casualty, reinsurance, life, and mortgage insurance entities.

In his new role, Marc will report to Hank Watkins, Regional Director & President of Lloyd’s, Americas. In addition to representing Lloyd’s before provincial and regulatory bodies, Marc will work closely with Lloyd’s distribution partners in Canada and London to facilitate the development of innovative risk transfer solutions by Lloyd’s underwriters in our third largest market globally.

“I am thrilled to welcome Marc to our team,” said Watkins. “As we continue working to grow our presence across the Americas region, Marc’s extensive experience in Canada will be invaluable. Our immediate focus continues to be providing our many stakeholders with the support they expect from Lloyd’s through these challenging times. Going forward, in partnership with our colleagues around the world, Marc will also be focused on advancing the Future at Lloyd’s strategy and helping to serve the businesses and entrepreneurs that drive the Canadian economy.”

“Lloyd’s underwriters are among the largest commercial insurers and reinsurers in Canada, and I am thrilled to have the opportunity to work more closely with them and the rest of the Lloyd’s market,” added Lipman. “As our world is reshaped, not least by the impact of COVID-19, I believe that the breadth and depth of expertise in the Lloyd’s market will enable Canadian businesses to transform adversity into opportunity and move forward with confidence and strength.”

About Lloyd’s

Lloyd’s is the world’s leading insurance and reinsurance marketplace. Through the collective intelligence and risk-sharing expertise of the market’s underwriters and brokers, Lloyd’s helps to create a braver world.

The Lloyd’s market provides the leadership and insight to anticipate and understand risk, and the knowledge to develop relevant, new and innovative forms of insurance for customers globally.

It offers the efficiencies of shared resources and services in a marketplace that covers and shares risks from more than 200 territories, in any industry, at any scale.

And it promises a trusted, enduring partnership built on the confidence that Lloyd’s protects what matters most: helping people, businesses and communities to recover in times of need.

Lloyd’s began with a few courageous entrepreneurs in a coffeeshop. Three centuries later, the Lloyd’s market continues that proud tradition, sharing risk in order to protect, build resilience and inspire courage everywhere.

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Source: Lloyd’s