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| ALM Board |
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ALM Board Directors
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Peter Morgan, MA (Cantab), MBE.
Chairman
Peter worked with IBM for 30 years and was a director of IBM Europe and IBM UK. He began underwriting at Lloyd’s in 1987. He has been a member of the ALM Board since 1997. He and his wife now share an SLP. He was an elected member of the Council of Lloyd’s from 2000 to 2009 and served on the Chairman’s Strategy Group. Since 1989 he has had a portfolio of appointments. He was Director General of the Institute of Directors from 1989 to 1994. He has held a number of chairmanships and was a director and then chairman of NPI, the mutual life insurance company from 1990 to 1999. In 2002-03 he was Master of the Worshipful Company of Information Technologists. He is currently a part time member of the European Economic and Social Committee based in Brussels. |
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Sir Adam Ridley, BA (Oxon)
Deputy Chairman
Adam is an economist and was a member of the Government Economic Service in the Department of Economic Affairs, Treasury, and Central Policy Review Staff (“think tank”) from 1965 to 1974 and was Economic Adviser to the Conservative Party. He was Director of the Conservative Research Department from 1974 to 1979, and special adviser to Sir Geoffrey Howe and Nigel Lawson between 1974 and 1984, and to Lord Gowrie in 1985. He was an executive Director of Hambros Bank and PLC from 1985 to 1997. He was Director General of the London Investment Banking Association (LIBA), 2000-05, and is a non-executive director of Morgan Stanley Europe.
He started underwriting at Lloyd’s in 1977, and was elected to the Board of the ALM in 1989. He was a Member of the Council of Lloyd’s from 1997 to 1999 and served on Lloyd’s Regulatory Board and Prudential Supervision Committee and chaired the Names’ Committee. He has been Chairman of Equitas Trustees since 1996, and is a non-executive director of Hampden Agencies Ltd.
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Professor Tim Congdon, BA (Oxon), CBE
Tim is an economist and businessman. He was a member of the Treasury Panel of Independent Forecasters (the so-called “wise men”) between 1992 and 1997, which advised the Chancellor of the Exchequer on economic policy. He founded Lombard Street Research in 1989 and was its managing director and then chief economist. He has been a visiting professor at the Cardiff Business School and the City University Business School (now the Cass Business School). has recently set up, and is chief executive of, International Monetary Research Ltd. He has been underwriting at Lloyd’s since 1991. His other Lloyd’s appointments have included non-executive chairman of SBW Insurance Research (which analysed Lloyd’s syndicates) from 1994 to 1997, and membership of Lloyd’s Prudential Supervision Committee between 2001 and 2003. He acted as an adviser to the Investment Committee of Equitas (the Lloyd’s reinsurance vehicle) between 2000 and 2005.
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Michael Deeny MA (Oxon) FCA
Michael has spent most of his career in the music business, initially managing singers and bands such as Murray Head, Noosha Fox and Horslips. He then moved into promoting concerts in France in partnership with Gerard Drouot Productions, staging shows by artists including U2, Bruce Springsteen, Nirvana and Luciano Pavarotti. He started underwriting at Lloyd’s in 1986. In 1993 he became Chairman of the Gooda Walker Action Group which obtained the largest judgment in English legal history in 1994. He was Chairman of the Litigating Names’ Committee and was a key negotiator for the Names in the Lloyd’s Settlement of 1996. He has been the Deputy Chairman of the Equitas Trust since its creation and a non-executive Director of Equitas. He was a member of the Council of Lloyd’s from 1996 to 1997 and was elected to the Council again in 2009. He was Chairman of the ALM from 1998 to 2009. |
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Nigel Hanbury
Nigel worked in the Lloyd’s community both as a broker and members’ agent from 1983, and was Chairman of Hampden Private Capital until 2009. He was twice elected to the Council of Lloyd’s by the working members constituency, and served on various Lloyd’s-related Boards, committees and working parties. He is a founder member of the High Premium Group and was appointed a member of its Committee in 2009. Nigel has been a Name at Lloyd’s since 1978, and underwrites through two NameCos and an LLP, in which vehicle he has been joined by his son and daughter.
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Paul Hipps, FCA
Paul was a partner in BDO Stoy Hayward, the UK member firm of BDO international, the fifth largest global network of accounting firms and was managing Partner and then Senior Partner prior to his retirement from the firm in 1999. He currently advises companies engaged in food provision and management for the hospitality industry, property investment and recruitment software development. He began underwriting at Lloyd's in 1971 and currently continues to write as an unlimited Name. He became a director of the ALM in 2002.
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Marcus Johnson, BA (Oxon)
Marcus is an investment specialist, whose career has been spent at the interface between the insurance industry and the financial markets. He is currently Chief Executive of NW Brown Group based in Cambridge. He started his career at Hoare Govett and subsequently worked inter alia for Credit Agricole Asset Management as Managing Director, and as a director of Meridian Performance Services. He is a member of the Society of Business Economists, the Institute of Fiscal Studies and the Royal Forestry Society. He joined Lloyd’s as a Name in 1983, and both he and his wife now underwrite at Lloyd’s individually and via NameCos.
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Paul Kelly, MA (Cantab), DPhil (Oxon)
Following the completion of his Doctoral Thesis in economics, Paul became a stockbroker where he specialised in shares in the banking and insurance sectors. At the time of "Big Bang" he was a partner in L Messel & Co. Soon after the firm was taken over by Lehman he moved to Citibank, where he focussed exclusively on the insurance sector, initially as a stockbroker and later as a commercial banker. He ended his executive career as a corporate finance director of Fox-Pitt Kelton, a leading boutique investment bank specialising in the financial sector, Additionally, he was a founder and director of an Investment Trust and was a non-executive director of Navigators Underwriting Agency until 2009. He is now involved in the voluntary sector, including the Chairmanship of the Sir Alfred Munnings Museum.
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James Kininmonth
James joined Lloyd's, when he left the Army in 1979, starting at Sedgwick Forbes Reinsurance Brokers. Today, he is an Executive Director of Cooper Gay, the largest privately owned Lloyd's broker and the fourth largest reinsurance broker in the world. James specialises in designing and placing binding authorities with Lloyd’s syndicates for managing general agencies worldwide. He has been writing as an unlimited name since 1983.
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Alan Lovell, MA (Oxon), FCA
Alan has been Chief Executive of five companies, four of which, including Costain and Jarvis, were in need of rescue and turnaround; the fifth and most recent was the UK’s second largest producer of renewable energy and , having retired from that in 2009, most of his current portfolio is in the green energy sector. Additionally he is Chief Advisor – Restructuring Practice at PwC. He became a member of Lloyd’s in 1985, has been on the Board of the ALM since 2006 and an elected member of Lloyd’s Council since 2007. He is a founder shareholder and non-executive Director of Alpha Insurance Analysts. He is High Sheriff of Hampshire for 2010/11.
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David Monksfield BSc (Hons)
David has worked in the Lloyd's community since 1981 as both a members and managing agent following a period in industry. He became a member of Lloyd's in 1982 and underwrites through a LLP. He is currently an Executive Director and Head of Client Management at Argenta Private Capital Ltd. He has worked on various committees at Lloyd's and most recently served on the working party that initiated and produced the documentation for the introduction of Limited Liability Partnerships (LLPs). An High Premium Group Committee Member by invitation, David is also a director of the Stop Loss Mutual Insurance Association Limited.
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Sir Harry Studholme Bt., DL, MA (Cantab), ACA, CTA
Harry has been a name since 1986. He is Chairman of the South West Regional Development Agency and a GB Forestry Commissioner He has worked in accounting and general management in a range of sectors. After studying Engineering at Cambridge University, he qualified as a Chartered Accountant and Chartered Tax Adviser. He moved to Yorkshire to work as the general manager of a packaging company and then as the Financial Controller of a quoted clothing manufacturer. In 1990 he moved to the South West to manage an Exeter based signage manufacturer and a family farming and forestry business. He chaired the former mutual stop loss company, Integer, from the time problems became apparent in 2001, and led negotiations to recover and distribute its resources to its membership of Names . As a consequence of this experience Harry qualified as an accredited mediator in 2007.
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Chief Executive & Company Secretary
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Anthony Young, FCA, BA (Oxon)
Anthony qualified as a chartered accountant with Price Waterhouse before moving to the Corporate Finance Department of top merchant bankers, Morgan Grenfell. At the age of 37, he was invited to become the Managing Director of CI de Rougement, a managing and members agent at Lloyd’s. He joined the ALM, as the Chief Executive, in 2000. He was a Name from 1979 to 1996 and rejoined as soon as LLPs were introduced, for the 2007 account.
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Registered in England
No. 1698399
VAT registration number
429 6213 47
100 Fenchurch Street
London EC3M 5LG |
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