Charles Roxburgh, a veteran of the Treasury, is set to take on a prominent role at Lloyd’s of London in May 2025. Following a thorough selection process, Roxburgh will succeed Bruce Carnegie-Brown as chair. This appointment marks a significant shift for the notable insurance market.
Lloyd’s of London has confirmed the appointment of Charles Roxburgh as its new chair, succeeding Bruce Carnegie-Brown. Roxburgh will officially assume the role on 1 May 2025. This decision follows a rigorous and thorough search process.
Roxburgh brings a wealth of experience to his new position. He spent 23 years at McKinsey before joining the Treasury in 2013. At McKinsey, he worked with Lloyd’s in the early 1990s, gaining invaluable insights into the insurance market.
In recognition of his contributions, Roxburgh was honoured with the title of Knight Commander of the Order of the Bath (KCB) in 2022.
Roxburgh’s regular engagement with the insurance industry during his time at the Treasury has been cited as a key factor in his selection.
Bruce Carnegie-Brown also reflected positively on Roxburgh’s selection. He praised Roxburgh’s expertise and expressed confidence in his ability to lead Lloyd’s to greater heights.
This profit marks an improvement of £3.9 billion from the same period last year. Lloyd’s CEO, John Neal, attributed the financial success to favourable market conditions and lower than average major losses.
Carnegie-Brown stated, “It has been a huge privilege to serve the market as its chairman since 2017.” He also expressed his delight in welcoming Roxburgh to the role.
The appointment of Charles Roxburgh as chair of Lloyd’s of London signifies a new era for the insurance market. His extensive experience in financial services and government roles ensures he is well-equipped to guide Lloyd’s to continued success.
As Lloyd’s enters this new phase, the market can look forward to sustained growth and stability under Roxburgh’s leadership. The strong financial health of the company further underscores a promising future ahead.
