Sir Richard Dearlove, former head of the British Secret Intelligence Service, MI6, has assumed his new post as the next chairman of Lloyd's syndicate Ascot Underwriting.
Ascot said Mr. Dearlove has links to the insurance industry through his membership with the International Advisory Board of New York-based American International Group. Ascot is backed by AIG.
Mr. Dearlove takes over from Lord Prior, who has been in the post since Ascot began trading in 2001. He began with MI6 in 1966, and served as its chief from 1999 until his retirement in 2004.
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