bruce-carnegie-brown-470-edit-white-1-
Bruce Carnegie-Brown / Source: Lloyd's of London
20 February 2017Insurance

Bruce Carnegie-Brown confirmed as next chairman of Lloyd’s

Bruce Carnegie-Brown is to become the chairman of Lloyd’s following a meeting of the Council of Lloyd’s where his appointment as successor to John Nelson was approved unanimously.

The council today confirmed that Carnegie-Brown, chairman of Moneysupermarket.com Group and vice-chairman of Banco Santander, will take up the position in June of this year. This appointment is subject to formal approval and consent from the Prudential Regulation Authority and the Financial Conduct Authority.

Commenting on his appointment, Carnegie-Brown said: "I'm delighted to be joining Lloyd’s of London and to have the chance to work with a very talented group of market professionals who all share a passion for enhancing London's position as the preeminent global centre for structuring and placing complex insurance risk.”

John Nelson, who is retiring after nearly six years as chairman, said: “Quite simply, this is an excellent appointment. Bruce has an extensive career in financial services, with major global firms particularly in insurance where he brings a deep knowledge and understanding of the broker and underwriting market. Bruce is arriving at an exciting time for Lloyd’s with opportunities and challenges ahead of us.”

Lloyd’s CEO Inga Beale, said: “I am looking forward to working with Bruce. His wide ranging experience across insurance, banking and with Moneysupermarket Group will offer Lloyd’s a unique perspective on how we conduct our business and succeed in today’s marketplace. As we take forward our plans to modernise the London market and ensure it remains the hub of specialist insurance and reinsurance, Bruce’s input will be invaluable.”

Carnegie-Brown has over thirty-five years of experience across the financial services. He was the CEO for Marsh Europe between 2003 and 2006, non-executive chairman of Aon UK from 2012 to 2015 and was also a senior independent non-executive director at the Catlin Group between 2010 and 2014. He will be stepping down from his current role as a non-executive director of JLT Group.

Currently, he is chairman of Moneysupermarket Group since his appointment in April 2014 and a vice-chairman of Banco Santander since February 2015.  He previously worked at JP Morgan for 18 years across a number of senior roles, ran 3i Group's quoted private equity division from 2007 and was a senior independent director at Close Brothers Group.

Today’s top stories

Willis Towers Watson to acquire French aviation broker OAAGC

Miller poaches another senior exec from Guy Carpenter

Willis Towers Watson makes leadership promotions in US

AM Best evaluates potential US regulatory changes’ impact on reinsurers

Did you enjoy reading this story?  Sign up to our free daily newsletters and get stories like this sent straight to your inbox.

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk


More on this story

Insurance
5 October 2016   Lloyd’s of London chairman John Nelson reiterated the importance of re/insurers’ ability to transact business in the European Union (EU) in response to a speech by UK Prime Minister Theresa May.
Insurance
21 February 2017   London-based Lloyd's insurance broker Kinetic has appointed Ian Ashworth and Kieron Burrows to further develop its portfolio of broker accounts and binding authorities.
Insurance
9 March 2017   The Council of Lloyd’s has elected Dominick Hoare, the chief underwriting officer (CUO) of Munich Re Syndicate, to the position of corporate-external member.