David Russell

  • Operation of Lloyd's Syndicate Capacity Market
  • Lloyd's Managing Agencies and Members Agencies
  • Insurance - Risk, Governance, Compliance
  • PRA &FCA Regulation - Insurance and retails broking

David has had a wide ranging and varied career. After 15 years in the civil service, he left HM Treasury to join the FSA at its inception where he was responsible for establishing and managing the prudential regulatory regime for Lloyd’s and for establishing the prudential regime for insurance brokers. He moved to the Corporation of Lloyd’s as Head of Compliance, where he also oversaw the introduction of internal capital models to the market and was head of the capacity transfer market.

In 2007 David joined RSA Insurance as Head of Regulatory affairs. He was a member of a number of expert groups in the City and in the EU, maintaining excellent relationships in the EU institutions and influencing the shape of the Solvency II Directive.

His later career has been primarily in the Lloyd’s market where he guided a number of Managing Agents to gain admission to Lloyd’s, staying on in Board level roles covering Finance, Governance, Risk and Compliance. Latterly he was Managing Director at a Managing Agent and subsequently carried out a similar role at a retail insurance broker.