PRESS RELEASE
18 December 2024
Lloyd’s Market Association appoints Joe Brace as Operations Director
London, 18 December 2024: The Lloyd’s Market Association (LMA) today announced the appointment of Joe Brace as Operations Director, effective Spring 2025. Joe will report to Sheila Cameron, Chief Executive Officer of the LMA.
In this role, Joe will represent LMA members by providing leadership, technical support and expertise to the Lloyd's and London market, managing market operations activities, central services provision to managing and members’ agents, and leading projects and initiatives aimed at developing efficient and cost-effective business processes.
Specifically, Joe will influence and support the implementation of Blueprint Two, with a focus on thorough testing, market acceptance and readiness for new digital processing services that Lloyd’s managing agents will use. He will also influence efforts in planning a resilient cutover and advocating for the adoption of ACORD Data Standards through the insurance risk placement and processing lifecycle.
Joe brings industry experience, with a career that includes operations roles in financial services and the Lloyd’s market. In his most recent role, he serves as Head of Change for Apollo. He has also served in roles at Lloyd’s and HSBC. He holds a BSc in Financial Services from the University of Manchester and a BSc in Physics from the University of Bath.
Joe will succeed Rob Myers, the current LMA Operations Director, who, after a career spanning more than 40 years in the insurance market with the last six at the LMA, will be retiring in 2026. Rob will continue to provide consultancy to the LMA over the transition period and to support the progression of Blueprint Two.
Commenting on Joe’s appointment, Sheila Cameron said: “We look forward to welcoming Joe to the LMA team next year. Joe brings a wealth of experience and strong track record in operational roles within the Lloyd’s market. His expertise and relationships with key stakeholders will be invaluable as we continue to facilitate the advancement of our market’s digital capabilities on behalf of our members.”
Joe Brace added: “I am delighted to be joining the LMA in a role that is pivotal to driving digital transformation and modernisation in the Lloyd’s market.”
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Notes to Editors
Media relations contacts
LMA:
Carole Porter, Head of Communications | +44 20 3307 3947 | Email: carole.porter@lmalloyds.com
Omnia Partners:
Victoria Sisson, Director | +44 794 129 4872 | Email: victoria.sisson@weareomniapartners.com
About the Lloyd’s Market Association (LMA)
The Lloyd's Market Association (LMA) exists at the very heart of Lloyd's, a world-leading global marketplace for complex risk where solutions to challenges are delivered every day. All 55 Lloyd's managing agencies, with a total market stamp capacity of approximately £52.6bn in 2024, and all Lloyd's members' agents, are members of the LMA.
We represent our members' interests to organisations including governments, regulators, and the market's central supporting body, the Corporation of Lloyd's. We provide professional and technical expertise in areas ranging from model policy wordings to the implementation of innovative technologies. We connect with our members to identify and resolve issues facing the market, and work in partnership with Lloyd's and the other market associations to influence initiatives and outcomes. We operate the market's most comprehensive technical education service, the LMA Academy. For more information visit: www.lmalloyds.com.