Lloyd’s has appointed Jim Bichard as its next chief financial officer, effective April 2026. He will join the Lloyd’s Executive Team, reporting to chief executive Patrick Tiernan, and will also sit on the Council of Lloyd’s.
Bichard joins from PwC, where he currently leads the firm’s global insurance practice, overseeing services for clients across all insurance segments. He has spent three decades at PwC, including five years in New York, and brings extensive experience in technology-enabled transformation spanning finance, operations and front-office functions.
His career includes advising on insurance and broker transactions, with a particular focus on capital structures. Bichard has previously led PwC’s UK insurance practice, as well as its Lloyd’s, London market and broking business, and has headed the firm’s capital, risk and regulatory practice across the UK and EMEA.
He will succeed Alexandra Cliff, who is leaving Lloyd’s to pursue other opportunities.
Commenting on the appointment, Tiernan said Lloyd’s is entering a new phase as it launches a strategy with greater global ambition, adding that Bichard’s experience will be instrumental as the market continues to strengthen its leadership team.
The appointment comes as Lloyd’s prepares for further expansion. The market’s 2026 business plan forecasts £67.4bn in gross written premium and a net combined ratio of 91.2%, compared with a 2025 forecast of £59.8bn in GWP and an 88.7% combined ratio. Around 62.5% of accretive growth is expected to be driven by new entrants and structured solutions.
Bichard said he is looking forward to working with Tiernan, colleagues across the market and capital providers to support sustainable growth and disciplined underwriting.
The appointment is subject to regulatory approval from the Prudential Regulation Authority and the Financial Conduct Authority.
