Lloyd’s of London, is the world’s leading insurance and reinsurance marketplace, has appointed Jim Bichard as Chief Financial Officer, with the role effective from April 2026.
He joins the Executive Team, reports to Chief Executive Patrick Tiernan, and takes a seat on the Council of Lloyd’s.
Bichard currently runs PwC’s global insurance practice, managing client work across underwriting, broking, reinsurance, and capital markets.
His career at PwC spans 30 years, including five based in New York. The focus throughout has stayed consistent. Technology-driven change across finance, operations, and front-office functions.
According to Beinsure, that background fits Lloyd’s current priorities more than traditional accounting leadership.
His advisory work covers complex insurer and broker transactions, including deals built around alternative and innovative capital structures.
Bichard began in audit before moving into advisory leadership roles, later heading PwC’s capital, risk, and regulatory practice across the UK and EMEA. He previously led PwC’s UK insurance business and oversaw its Lloyd’s, London market, and broking operations.
Bichard replaces Alexandra Cliff, who exits Lloyd’s to pursue other opportunities. Her tenure strengthened financial discipline across both the Corporation and the market, according to Lloyd’s leadership, and broadened appeal to global capital providers.
Tiernan said Bichard brings a market-level understanding of how capital, risk, and clients collide under current conditions. Lloyd’s enters a new strategic phase with wider global ambition, heavier emphasis on innovation, and rising expectations from regulators and capital partners. Leadership depth matters more now. We think this hire reflects that pressure.
I’m delighted to welcome Jim to Lloyd’s. He brings a deep knowledge of the global insurance industry, as well as a clear-eyed view of how capital, risk and clients intersect in a changing world. Lloyd’s is entering an exciting phase, as we launch a new strategy with greater global ambition, strong momentum behind our market and a growing opportunity to support the global economy through innovation. Jim’s calibre, standing in the market and experience will be invaluable as we continue to build an exceptional leadership team for the future of Lloyd’s.
Patrick Tiernan, Lloyd’s Chief Executive
Bichard described Lloyd’s as an institution with economic relevance few peers match. His experience across the London market and international insurance hubs shaped that view.
He plans to work with market participants and capital providers to support disciplined underwriting, sustainable growth, and long-term value creation.
“I am hugely excited to be joining Lloyd’s at such a pivotal moment. Through my work across the London market and around the world, I have seen first-hand the unique role Lloyd’s plays in enabling trade, protecting communities and absorbing the risks others cannot. Lloyd’s matters to the global economy in a way few institutions do. I am looking forward to working with Patrick, colleagues across the market, and existing and future capital providers to support sustainable growth, disciplined underwriting and long-term value for all our stakeholders.”
The appointment requires approval from the Prudential Regulation Authority and the Financial Conduct Authority. Pending consent, Bichard steps into the role next spring, at a moment when Lloyd’s financial governance faces sharper scrutiny than it did even a few years ago.
