The Lloyd's Council has named Sir Charles Roxburgh as the next Chair, which is expected to take effect on 1 May 2025. He will succeed Bruce Carnegie-Brown after an eight-year term.
Sir Roxburgh brings a wealth of experience gained in both the UK government and the private sector, including supporting several high-profile initiatives at Lloyd’s.
He has recently stepped down from one of the most senior roles within HM Treasury, having been the second permanent secretary from July 2016 to June 2022. Prior to this, he was the director general of financial services from February 2013 to July 2016.
Throughout his tenure at the Treasury, he maintained regular contact with the insurance industry and engaged with Lloyd's.
Before working at the UK government, Sir Roxburgh spent 26 years at McKinsey, where he held a number of leadership positions, including co-head of the Global Strategy Practice, head of the UK Financial Institutions Group, and co-leader of the Global Corporate and Investment Banking Practice.
During his time at McKinsey, he was the lead consultant working with the Lloyd’s Taskforce in 1992 and then worked with the then chair Sir David Rowland on the 1993 Business Plan and the design and implementation of Reconstruction and Renewal.
Sir Roxburgh says: “Lloyd’s plays a critical role at the heart of the global insurance industry and UK financial services. Under Bruce’s leadership, it has prospered and is in a strong competitive position, with robust financial security. The market is delivering valuable protection to its customers and healthy financial returns to members and investors.
“I am delighted and honoured to have been selected as the next Chair of Lloyd’s. I look forward to working with the council, with John and the strong executive team, and with the wider Lloyd’s market to guide Lloyd’s to even greater success in the future.”
