Richard Ward (born 1957) joined the Ardonagh Group, in September 2018 as executive chairman of specialty. Ardonagh are one of the world's leading independent insurance brokers. Ward is on the board of

Direct Line Group Direct Line Insurance Group plc is a British insurance company based in the United Kingdom, formed in 2012 by the divestment of The Royal Bank of Scotland Group's (RBS) insurance division, through an initial public offering. The company owns a ...

as the senior independent non-executive director and chair of the remuneration committee, having joined in January 2016. Prior to Ardonagh, Ward was executive chairman of Cunningham Lindsey from June 2014. Cunningham Lindsey is a provider of claims management and risk services, with over 7,000 employees in 60 countries. In addition to Cunningham Lindsey, Ward served as non-executive chairman of Brit Insurance, from 2014 until 2018. Ward also served as a non-executive director of Partnership Assurance Group plc between 2013 and 2016 and was a member of the PRA Practitioner Panel of the

Bank of England The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694 to act as the Kingdom of England, English Government's banker and debt manager, and still one ...

from 2015 until 2020. Prior to these roles, Ward was chief executive of

Lloyd's of London Lloyd's of London, generally known simply as Lloyd's, is a insurance and reinsurance market located in London, England. Unlike most of its competitors in the industry, it is not an insurance company; rather, Lloyd's is a corporate body gover ...

, from 2006 to 2013. Ward previously worked for over ten years at the London based

International Petroleum Exchange International is an adjective (also used as a noun) meaning "between nations". International may also refer to: Music Albums * ''International'' (Kevin Michael album), 2011 * ''International'' (New Order album), 2002 * ''International'' (The T ...

(IPE), the second largest energy trading exchange, as both chief executive officer and vice-chairman. Prior to the IPE, Ward held a range of senior positions at BP and was head of marketing and business development for energy derivatives worldwide at Tradition Financial Services. Between 1982 and 1988, Ward worked as a senior physicist with the

Science and Engineering Research Council The Science and Engineering Research Council (SERC) and its predecessor the Science Research Council (SRC) were the UK agencies in charge of publicly funded scientific and engineering research activities, including astronomy, biotechnology and bi ...

, leading a number of research development projects. He is married with two children and lives in London.

Education

He graduated from the

University of Exeter The University of Exeter is a research university in the West Country of England, with its main campus in Exeter, Devon. Its predecessor institutions, St Luke's College, Exeter School of Science, Exeter School of Art, and the Camborne School of ...

with a BSc, 1st Class Hons in chemistry and holds a PhD in

physical chemistry Physical chemistry is the study of macroscopic and microscopic phenomena in chemical systems in terms of the principles, practices, and concepts of physics such as motion, energy, force, time, thermodynamics, quantum chemistry, statistical mech ...

Career

His initial career was as an applied scientist, first for the government agency

, at the

Rutherford Appleton Laboratory The Rutherford Appleton Laboratory (RAL) is one of the national scientific research laboratories in the UK operated by the Science and Technology Facilities Council (STFC). It began as the Rutherford High Energy Laboratory, merged with the At ...

near Oxford and later for BP, where he moved into management. He was chief executive of the

(IPE) from 1999 to 2005 and vice chairman from 2005 to 2006. He was the longest-serving CEO at

, during which time, he led a transformation of the business and introduced digitisation of many of the processes, particularly in claims. As executive chairman of Cunningham Lindsey from 2014 to 2018, he led a major transformation and restructure of the business and carried out a successful trade sale of Cunningham Lindsey to Sedgwick. As non-executive chairman of Brit Insurance, he took the company public in 2014 and led a successful sale of the company in February 2015. As a member of the PRA Practitioner Panel, he served as rotating chair of the insurance sub-committee, an independent statutory panel which represents the interests of practitioners regulated by the Bank of England.

References

External links

Richard Ward: The transformer
Insurance Day, January 2015
Cunningham Lindsey has London targeted in TPA push
Insurance Insider, November 2014
Q&A: Richard Ward: Passing the Lloyd's Baton
Post Online, October 2013
Dr Ward: Insurers face backlash over bank scandals
the Insurance Times, September 2013

''

The Daily Telegraph ''The Daily Telegraph'', known online and elsewhere as ''The Telegraph'', is a British daily broadsheet conservative newspaper published in London by Telegraph Media Group and distributed in the United Kingdom and internationally. It was found ...

'' May 2012
Arctic Oil Rush Will Ruin Ecosystem, Warns Lloyd's of London
''

The Guardian ''The Guardian'' is a British daily newspaper. It was founded in Manchester in 1821 as ''The Manchester Guardian'' and changed its name in 1959, followed by a move to London. Along with its sister paper, ''The Guardian Weekly'', ''The Guardi ...

'' April 2012 {{DEFAULTSORT:Ward, Richard Alumni of the University of Exeter British chief executives 1957 births Living people