Lloyd's of London has appointed its first female chief executive in its 325-year history.
The company is to be run by 30-year industry veteran Inga Beale from January.
According to the Guardian, Beale said that she was looking forward to working with the Lloyd's team.
She added that the wider market to deliver a strategy for profitable and sustainable growth alongside Lloyd's robust market oversight.
Beale has held a number of senior roles in the insurance industry, including at Zurich Insurance and at the insurance arm of General Electric, the report said.
Her appointment comes 40 years after the first female broker at Lloyd's.
Liliana Archibald also became the first female Name.