New York City

Lloyd’s of London is in the market for a new U.S. leader with the exit this summer of LoriAnn Lowery as president of Lloyd’s North America, the National Underwriter has learned.

Ms. Lowery told NU about her imminent departure during last week’s annual Lloyd’s New York City Dinner.

She said she was leaving to achieve a better balance between her working life and her new family in Texas, stating that she is looking forward to taking on another substantive role in the insurance industry closer to home.

She emphasized to NU that she has no other position currently lined up, but opted to give Lloyd’s three-months notice early in May to assure a smooth transition once she had made her decision to move on.

Ms. Lowery joined Lloyd’s in late April 2008, making her debut at last year’s annual Risk and Insurance Management Society annual conference–taking over for Wendy Baker, who left in January 2008.

She assumed control of the market’s operations across the United States and Canada, including business development and distribution, as well as communications and marketing.

Before joining Lloyd’s, Ms. Lowery had booked over 20 years in the insurance brokerage industry, most recently as managing director and national practice leader for risk management and financial products for Wells Fargo Insurance Services. She had previously held positions at Marsh & McLennan, Sedgwick and Intercontinental Brokerage.