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Lloyd’s confirms new Council member Alexander Baugh

13 Jan 2025

Lloyd’s, the world’s leading marketplace for insurance and reinsurance, today announced changes to its Council membership to fill an upcoming open vacancy.

The change to Lloyd’s Council is as follows:

  • Alexander Baugh has been appointed as an independent nominated member of Lloyd’s Council, Chair of Lloyd’s Risk Committee and a member of Lloyd’s Audit Committee, subject to regulatory approval.
  • Neil Maidment (the current Chair of Lloyd’s Risk Committee) will be stepping down from Lloyd’s Council at the end of January, having served as a member of the Council and the former Franchise Board for nine years.

Alexander Baugh is an AIG veteran who currently serves as a consultant to the group, having worked for the company for over 30 years in various US and international leadership roles. Most recently, Alexander served as President of the North America business for 18 months before taking on the role of Global Chief Underwriting Officer Liability and Financial Lines, a role he held until 2022. He was part of the General Insurance leadership team and served on the Ascot board for five years.

“Alexander brings deep risk experience from his time at AIG, both as Chief Risk Officer but also later in his career as Global Underwriting Officer and CEO for North America. He also has a deep connection with Lloyd’s, having worked in the London market for 12 years. He has maintained this connection through AIG’s two Lloyd’s syndicates through Ascot’s board when it was owned by AIG. I look forward to welcoming Alexander to the Council of Lloyd’s and thank Neil for his significant contribution to the governance of Lloyd’s over so many years.”
Bruce Carnegie-Brown, Chairman, Lloyd’s

Notes to Editors

  • The Council of Lloyd’s comprises 15 members split between 6 elected members (3 working and 3 external), 3 executives (CEO, CFO, Chief of Markets) and 6 nominated members.
  • Nominated members of Council are Lloyd’s equivalent to Independent Non-Executive Directors.
  • Members of Council serve for three year terms, renewable up to a total of 9 years (in line with wider governance best practice)

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About Lloyd’s

Lloyd’s is the world’s leading marketplace for commercial, corporate and specialty risk solutions. Through the collective intelligence and expertise of the market’s underwriters and brokers, we’re sharing risk to create a braver world. 

The Lloyd’s market offers the resources, capability and insight to develop new and innovative products for customers in any industry, on any scale, in more than 200 territories. 

We’re made up of more than 50 leading insurance companies, over 380 registered Lloyd’s brokers and a global network of over 4,000 local coverholders. Behind the Lloyd’s market is the Corporation: an independent organisation and regulator working to maintain the market's successful reputation and operation.

We’re working to build solutions for the most current and prevalent threats. As Chair of the Insurance Task Force for HRH The Prince of Wales’s Sustainable Markets Initiative, Lloyd’s is bringing the industry together to insure the transition to net zero. Our research community is pooling expertise from across the industry to provide cutting edge insight on systemic risks from climate change to cyber security.

And through our digital-led strategy, The Future at Lloyd’s, we’re making it easier and cheaper to place, price and process cover in the Lloyd’s market.