Former treasury official appointed as next Lloyd’s chair

Lloyd’s of London has announced that Sir Charles Roxburgh will become its next chair.

Roxburgh will take up the position on 1 May 2025, succeeding Bruce Carnegie-Brown after an eight-year term.

Carnegie-Brown said it had been a “privilege” to serve the marketplace “and to play a part in driving forward many aspects of Lloyd’s progress”.

One initiative he recently oversaw was the revamp of the underwriting room, which was done during the summer of 2023.

Carnegie-Brown said: “Lloyd’s plays an important role in the global financial services sector and I am delighted to welcome Roxburgh, who brings great experience and expertise.

“[This] will help the market go from strength to strength, delivering its unique value proposition to the market’s participants, investors and customers into the future.”

Experience

Roxburgh brings experience gained in both the UK government and the private sector.

Among places he has worked include the treasury, where he was most recently second permanent secretary.

Before this, he served as the director general for financial services.

He was also appointed Knight Commander of the Order of the Bath (KCB) in the 2022 Birthday Honours for services to the government.

Roxburgh said: “Lloyd’s plays a critical role at the heart of the global insurance industry and UK financial services. Under Carnegie-Brown’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.”