Lloyd’s appoints new President in Canada

Marc Lipman joins Lloyd’s from AIG Insurance Company of Canada, where he held a series of senior leadership roles.

(Image credit: jplenio.)

Lloyd’s (London) has announced the appointment of Marc Lipman as President, Lloyd’s Canada, and Attorney-in-Fact (AIF) for Lloyd’s Underwriters. Lipman 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 Lipman, President, Lloyd’s Canada, and Attorney-in-Fact, Lloyd’s Underwriters.

Lipman brings to Lloyd’s a wealth of industry experience and a deep understanding of the Canadian (re)insurance sector, according a Lloyds statement. He joins Lloyd’s from AIG Insurance Company of Canada (Toronto), where he held a series of senior leadership roles. Most recently Lipman 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 VP, General Counsel & Secretary and as AIG’s Chief Legal & Regulatory Officer, working across the company’s property, casualty, reinsurance, life, and mortgage insurance entities.

In his new role, Lipman will report to Hank Watkins, Regional Director & President of Lloyd’s, Americas. In addition to representing Lloyd’s before provincial and regulatory bodies, Lipman 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, according to the Lloyd’s statement.

Hank Watkins, Regional Director & President, Lloyd’s, Americas.

“I am thrilled to welcome Marc to our team,” comments 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.”

Transforming Adversity into Opportunity

“Lloyd’s underwriters are amongst 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,” comments 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.”

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Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at AnthODonnell@IIReporter.com or (503) 936-2803.

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