Lloyd’s announces Sir Charles Roxburgh as successor to Bruce Carnegie-Brown

Lloyd’s has announced that Sir Charles Roxburgh KCB will be its next Chair, pending approval from the Prudential Regulation Authority and the Financial Conduct Authority. After an extensive and thorough search, and with the Council of Lloyd’s approval, Sir Charles is set to assume the role on 1 May 2025, succeeding Bruce Carnegie-Brown, who will conclude an eight-year tenure. Carnegie-Brown, who has been in the role since 2017, said “It has been a huge privilege to serve the market as it Chairman…and to play a part in driving forward many aspect of Lloyd's progress including, most importantly, its financial performance”.

Sir Charles brings extensive experience from both the UK Government and the private sector, having recently stepped down as Second Permanent Secretary at His Majesty’s Treasury, a role he held from July 2016 to June 2022. Before that, he served as Director-General for Financial Services from February 2013 to July 2016, where he had frequent involvement with the insurance sector and Lloyd’s. He said he is “delighted and honoured to have been selected” and that he is looking forward to guiding “Lloyd’s to even greater success in the future”.

In addition to his government service, Sir Charles spent 26 years at McKinsey, where he held key leadership roles, 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. Notably, he was the lead consultant for the Lloyd’s Taskforce in 1992, working alongside then-Chair Sir David Rowland on the 1993 Business Plan and the design and implementation of the market’s Reconstruction and Renewal.