Egan joins on August 1 from ACE European Group where he was regional development manager. He takes on the role of general representative in Ireland replacing Ray McGovern later this year.
Egan will be responsible for strengthening Lloyd’s existing relationships and developing new business with insurance buyers in the Irish market. He will also be tasked with raising the profile of the Lloyd’s brand in Ireland and establishing a new office in Dublin, scheduled to open later in the year.
Lloyd’s reported almost £151m of gross premiums in Ireland in 2007, making it the 12th largest source of income for Lloyd’s. The majority of Lloyd’s premium income in the country is made up of property and liability lines.
Lloyd’s regional manager for Europe and Africa Enrico Bertagna says: “To date, Lloyd’s has been operating with a legal representative in Ireland. However, due to the significant further potential of the Irish market, which is one of the key European markets for Lloyd’s, we have decided to bring on board our first country manager with the aim of actively developing the Irish market.”