Lloyd’s has appointed Jim Bichard as its next chief financial officer, with the former PwC insurance executive due to take up the role in April 2026.

Bichard will report to chief executive Patrick Tiernan and will also join the Council of Lloyd’s. He will replace Alexandra Cliff, who is leaving the market to pursue other opportunities.

Bichard currently leads PwC’s global insurance practice. He has spent 30 years at PwC, including five years in New York, and has worked on technology-enabled transformation across finance, operations and front office functions. His career began in audit before moving into advisory roles, including leading PwC’s capital, risk and regulatory practice across the UK and EMEA.

Bichard said: “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.”

Bichard’s appointment is subject to approval from the Prudential Regulation Authority and the Financial Conduct Authority.

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