Lloyds BuildingLloyd’s of London said its director of performance management will be leaving the company, and a search has begun for his replacement.

Tom Bolt will be leaving Lloyd’s in mid-2016, after a seven-year tenure. He filled a key role at Lloyd’s, handling commercial oversight of the Lloyd’s market as well as working with individual syndicates to improve the market’s overall performance.

In a statement, Bolt said he was leaving to “explore new opportunities.”

Lloyd’s CEO Inga Beale offered positive comments about the legacy Bolt leaves behind. She said in prepared remarks that his work contributed “to the strength and success of the Lloyd’s market as it is today” and that Bolt is “respected and admired” in the market.

Among Bolt’s accomplishments at Lloyd’s: He led the introduction of a minimum standard framework for Lloyd’s managing agents. He also helped develop a claims transformation program that led to quicker claims payments, and also led efforts that helped spur growth in Lloyd’s delegated authority distribution network.

Source: Lloyd’s of London

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