Sir Charles is set to assume the role on May 1, 2025, succeeding Bruce Carnegie-Brown, who will step down after an eight-year tenure.
Sir Charles brings extensive experience from both the UK government and private sector. Most recently, he served as Second Permanent Secretary at His Majesty’s Treasury from 2016 to 2022, and before that as Director-General of Financial Services. Throughout his time at the Treasury, he maintained close ties with the insurance industry and Lloyd’s.
In addition to his public service, Sir Charles spent 26 years at McKinsey & Company, where he held senior roles including Co-Head of the Global Strategy Practice and Head of the UK Financial Institutions Group. He has a long history with Lloyd’s, having served as the lead consultant on the Lloyd’s Taskforce in 1992 and later working on the 1993 Business Plan and the Reconstruction and Renewal initiative with former Chair Sir David Rowland.
Sir Charles’ appointment follows an extensive search process and approval by the Council of Lloyd’s.
He was also appointed Knight Commander of the Order of the Bath (KCB) in the 2022 Birthday Honours for services to Government.
Lloyd’s Chairman, Bruce Carnegie-Brown said: “It has been a huge privilege to serve the market as its Chairman since 2017 and to play a part in driving forward many aspects of Lloyd’s progress including, most importantly, its financial performance. During that time, Lloyd’s has also made good progress in building a more modern, sustainable, innovative, and inclusive marketplace. Lloyd’s plays an important role in the global financial services sector, and I am delighted to welcome Sir Charles Roxburgh who brings great experience and expertise which 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.”
Sir Charles said: “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.”
He added: ” 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.”
Source: Lloyds
