Sir Charles Roxburgh Appointed Chair of Lloyd's

Lloyd’s of London has appointed Sir Charles Roxburgh as its new Chair, succeeding Bruce Carnegie-Brown, effective May 1, 2025, pending regulatory approval. Sir Roxburgh brings extensive experience from high-profile roles in the UK government, including his recent position as Second Permanent Secretary at the Treasury, and over two decades at McKinsey, where he was involved in key initiatives at Lloyd’s. He emphasized the vital role of Lloyd’s in the global insurance industry and its commitment to delivering customer value and financial returns. This leadership transition comes as Lloyd's faces scrutiny over conduct issues and plans to revise its governance rules. Carnegie-Brown reflected on his eight-year tenure, highlighting progress toward a more modern and inclusive marketplace. The appointment also signals potential changes within the organization, including the search for a new CEO.