LMA appoints operations director to drive Blueprint Two implementation

The Lloyd’s Market Association (LMA) has appointed Joe Brace as its new operations director.

In this role, he will support the implementation of Blueprint Two, focusing on testing, market readiness and adoption.

Blueprint Two, launched in November 2020, aims to modernise business models, practices, and systems within the Lloyd’s market.

As part of his role Brace will plan a cutover and promote the use of Acord Data Standards throughout the insurance risk placement and processing lifecycle.

He will also represent LMA members by providing technical expertise and support to the Lloyd’s and London market.

Brace will join the business in Spring 2025 and report directly to Sheila Cameron, chief executive at the LMA.

Brace said: “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”.

Experience

Brace brings over 20 years of experience in financial services and the Lloyd’s market to his new role.

Most recently, he has served as head of change at Apollo.

When he moves to the LMA, he will succeed Rob Myers, who is retiring after a career of over 40 years in the insurance market, six of which were spent at the LMA.

During the transition period, Myers will remain a consultant to the LMA and support the progress of Blueprint Two.

Cameron said: “We look forward to welcoming Brace to the LMA team next year.

“Brace 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.”