Ep294 Sean McGovern LMA Chair: Building the market of the Future

Today’s guest is one of the best qualified people in the London Market.
In a thirty-year career he has been a senior executive right at the top of Lloyd’s and has either chaired or sat on the board of almost all the institutions that underpin the market and represent it to the outside world.
Today Sean McGovern is the CEO of UK & Lloyd’s at AXA XL and has just taken over the Chairmanship of the Lloyd’s Market Association (LMA), the trade body that represents corporate capital in Lloyd’s.
Sean will speak for both organisations at varying times in our chat today. The timing couldn’t be better.
In recent years the LMA has really set the agenda on some of the most strategic developments in the way that underwriting takes place in the subscription market and this discussion goes right to heart of how a future Lloyd’s will underwrite, how business will be brokered and how capital and new talent will access the market.
I have been interviewing Sean for twenty years and he has a great skill in communicating in a really eloquent, but also very direct and concise way. He is very good at speaking plainly and making complicated ideas easy to understand.
Today’s podcast is no different and this is one of the most broad-reaching and enlightened conversations I have had with anyone since founding the podcast over six years ago.
As Lloyd’s embarks on a fresh five-year strategic plan this is a great primer on what all the issues are, where the opportunities lie, and what strategic decisions have to be taken for the market to continue to prosper.

NOTES:
The latest LMA report is on Lead and Follow. I can highly recommend a read: https://lmalloyds.com/campaigns/lead-and-follow-in-the-lloyds-and-london-market-beyond-the-binary/
And if you haven’t already read the LMA’s seminal publication on Enhanced Underwriting you can access it here

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