Beazley appoints Sally Lake as new group finance director

Beazley has appointed Sally Lake as its new group finance director, replacing Martin Bride when he steps down in May.

Lake joined the Lloyds of London insurer in 2006 and has been the group actuary since 2014. Prior to this, she held several senior roles within the organisation.

Chief executive officer Andrew Horton said: "Sally brings exceptional skills, energy and relevant experience to the role and it is pleasing that we have been able to promote from within the organisation."

The company also said that following the conclusion of two three-year terms, non-executive director Angela Crawford-Ingle, who is chair of the audit and risk committee, will step down from the board at the end of the 2018 accounting year and when the handover to her successor is complete.

Beazley said it's now in the advanced stages of its search for a new non-executive director to chair the audit and risk committee and an appointment will be made in due course.

Chairman David Roberts said: "Angela has been an excellent chair of the audit and risk committee and contributor to the board. I, together with the rest of the board, would like to extend our sincere thanks to her for the technical expertise and experience, which have been invaluable."

At 0945 GMT, the shares were down 0.5% at 514p.