The Lloyd’s Market Association (LMA) has appointed Sheila Cameron, currently head of international operations at newly-acquired Navigators, as its next CEO.

She will replace former Lloyd’s regulator David Gittings, who will be stepping down at the end of the year after 12 years in the role.

At Navigators, Cameron is responsible for leading all international operational and change management activity – including its Lloyd’s business - together with its global platforms in Europe, Asia and Latin America.

She is Chairman of the LMA operations committee and a member of the Target Operating Model Board.

The LMA is the trade association that represents underwriting businesses at Lloyd’s.

Prior to joining Navigators, Cameron was director of group operations at Hiscox and held a number of roles at Xchanging, including COO of Xchanging’s claims business.

“David has worked successfully over many years to ensure that the interests of market firms have been effectively represented and we will be sorry to see him go,” Neil Maidment, Chairman of the LMA said.

“I would like to take this opportunity to thank him on behalf of our members for all he has achieved,” Maidment, who himself is retiring as head of underwriting at blue-chip Lloyd’s insurer Beazley at the end of this year, added.

“Sheila’s background and experience in the London Market will be invaluable in driving the LMA’s agenda forward. The Board very much looks forward to working with her.”

Cameron said: “I am honoured and excited to lead the LMA, building on David’s immense work.”

“The LMA plays a crucial role in making the market a better place for all its participants,” she added.

“I look forward to working together with Lloyd’s on the evolution of its strategy, a renewed focus on our customers and the delivery of market modernisation.”