LMA’s Former Senior Underwriting Executive, Ben Baker, has been promoted to the role of the organisation’s Professional Standards Manager.
Mr Baker’s promotion comes as Terry Hayday, the LMA’s Head of Professional Standards, prepares to retire next June.
Mr Baker joined the LMA in 2008. Prior to joining, he spent 10 years as a political risk underwriter with ACE. He began his career in the insurance market as a broker with C.T Bowring and also spent 10 years with AIG underwriting political risks.
Commenting on his new role, Mr Baker said: “Professional development is hugely important for the future of the Lloyd’s Market. What we’re trying to do is create a real learning community rather than just running a series of educational events. We want it to be part of the market’s DNA.”
The LMA’s Board has, this month, given approval for the ground-breaking LMA Lloyd’s Market Academy (LMALMA) initiative to extend beyond its two-year pilot phase.
“Based on my years of market experience, I am looking to develop the LMA Lloyd’s Market Academy to widen people’s horizons and support their professional careers at Lloyd’s. Everything we do is market-focussed from basics to boardroom. Our watchword is ‘by the market for the market’,” added Mr Baker.
The Chartered Insurance Institute has also approached the LMA to lead and champion a new dissertation programme at Lloyd’s, participation in which will qualify for 40 CII credits towards its Advanced Diploma qualification, the ACII.
Terry Hayday said: “Ben is the ideal person for this role. He has already worked with me on a number of professional development activities and his appointment means we can build on the LMALMA programmes we’re developing for next year and beyond.”
“The job is about more than simply training and development; it’s more to do with relationship management and truly understanding and addressing the educational needs of people working in the Lloyd’s Market.”
Source : LMA
