XL CATLIN HIRES LLOYD’S MCGOVERN FOR NEW COMPLIANCE ROLE

Sean McGovern, the chief risk officer and general counsel of Lloyd’s, is to leave the corporation to join XL Catlin in the newly created role of chief compliance officer and head of regulatory affairs. Following his departure, Peter Spires will take over as general counsel. Hilary Weaver, head of internal audit will take on the role of chief risk officer on an interim basis. In addition, Olly Reeves will continue to be the primary market contact for all matters relating to risk, while Rosemary Beaver will continue in her role as head of international regulatory affairs, liaising with regulators across the globe. Lloyd’s said McGovern would no longer be involved in syndicate-specific activity with immediate effect. He will go on garden leave in July, and take up his new role in November 2016.