Patrick Tiernan appointed vice-chair of Insurance Europe’s RAB

Written by Michael Griffiths

23/06/2025

Insurance Europe has announced that chief executive of Lloyd’s, Patrick Tiernan, has been appointed vice-chair of its Reinsurance Advisory Board (RAB).

He will succeed John Neal, who has stepped down as the CEO of Lloyd’s.

The RAB is represented at chair and CEO level by seven different reinsurers, including Gen Re, Hannover Re, Lloyd’s, Munich Re, PartnerRe, SCOR, and Swiss Re. The board works to works to promote regulatory frameworks that support a “stable and competitive” reinsurance market, Insurance Europe stated, as well to enable efficient global risk transfer through both traditional reinsurance and insurance-linked capital solutions.

Tiernan has a background in both the regulatory and reinsurance arenas and, prior to becoming CEO, served as chief of markets at Lloyd’s. He has also held senior roles within the insurance sector, including at Aviva, StarStone and Zurich.

He commented: “I am honoured to take on the role of vice-chair of the RAB and to support its critical mission of ensuring that reinsurance remains a resilient, innovative, and globally accessible tool for managing risk.

“I look forward to working closely with Thierry Léger, the Chair of the RAB, my fellow members, and stakeholders across Europe to strengthen the industry’s ability to protect society in an increasingly complex risk environment.”

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