Peter Spires has decided to step down as general counsel at Lloyd’s and will be replaced on an interim basis by head of legal, Claire Schrader. Spires joined Lloyd’s in 1995 and became general counsel in 2016.

He spent the early part of his career at Lloyd’s focused on ‘reconstruction and renewal’ and then the chairman’s strategy group, which led to the introduction of the performance management directorate at Lloyd’s.

Bruce Carnegie-Brown, chairman of Lloyd’s, said: “Peter’s contribution over the last 27 years to both the corporation and the wider Lloyd’s market has been highly valued, and his expertise and experience has been central to the resolution of many complex issues that have confronted the market. Peter leaves with our very best wishes.”

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