Vincent Vandendael, Lloyd’s chief commercial officer since 2012, is to leave the Corporation.

Vandendael will take up the helm at Everest Insurance as CEO of International Insurance in early 2019.

During his time at Lloyd’s, Vandendael has been responsible business development of the corporation and also played a central role establishing Lloyd’s Brussels subsidiary, which is due to open in 2019 ahead of the UK’s exit from the European Union.

His departure comes as Lloyd’s search for its next CEO narrows with the Corporation’s chairman currently believed to be mulling a shortlist prepared by Sainty, Hird partner who is leading the process.

According to sources, Vandendael is not being considered for the post.

Lloyd’s said in a statement that Vandendael will be working with the team over the coming months to transition his responsibilities.

“Lloyd’s international network has flourished under Vincent’s leadership, Inga Beale, outgoing-CEO at Lloyd’s said.

“We have seen strong and steady growth in established territories like the US, whilst building and developing Lloyd’s presence in China, Dubai and Singapore and winning new licences for the Lloyd’s market in countries that include Colombia, India and Morocco,” she went on.

“Vincent has energetically and enthusiastically flown the flag for Lloyd’s in every corner of the globe over the past six years.”

“He will be greatly missed by the market and by everyone here at Lloyd’s. I have very much enjoyed working with Vincent and wish him every success in his new role.”

Vandendael said: “Lloyd’s is a tremendous global brand and it has been a privilege to work with such a talented and committed team over the past six years.”

“Although I have decided it is time for me to move on, I look forward to seeing the Lloyd’s market continue to go from strength to strength in the years ahead,” he added.