Joe Brace Appointed Chair of London Market Group Data Council to Drive Digitalization

The London Market Group today has appointed Joe Brace, Operations Director at the Lloyd’s Market Association (LMA), as the new Chair of the Data Council. He succeeds Sheila Cameron, CEO of the LMA, who has been chair since its inception in 2021.

Chris Lay, Chair of the London Market Group, said: "Since the Data Council was founded, it has worked to deliver significant digital change, including increased adoption of data standards through the introduction of both the Core Data Record (CDR) and the Market Reform Contract (MRC) v3. The work of the Data Council has been pivotal to the digital progress in the London market. On behalf of the market, I would like to thank Sheila for her leadership of this vital work over the last five years."

"Joe takes up this important responsibility at a critical moment, with the increasing application of the data standards that are essential to the market’s continued digitalisation agenda."

Joe Brace, Chair of the Data Council and Operations Director of the Lloyd’s Market Association (LMA), said: "Alignment on shared data standards and embedding these standards into usable market-facing tools, such as the CDR and MRC, is vital to the market functioning as a digitally traded business. I look forward to building on the excellent work done by the Data Council and by Sheila, under whose leadership the market has taken the positive steps towards adoption of data standards."