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Lloyd’s welcomes Richard Dudley as Council member

12 Dec 2022

  • Richard Dudley has been elected as a Working Member of the Lloyd’s Council.
  • Richard replaces Dominic Christian, who will be stepping down on 31 January 2023 after 9 years of dedicated contribution to Lloyd’s Council.
  • Richard Dudley’s election will be effective from 1 February 2023.

Lloyd’s, the world’s leading marketplace for commercial, corporate and specialty risk solutions, today welcomes Richard Dudley to the Council of Lloyd’s.

Richard Dudley, Global Head of Climate Strategy at Aon, has been working in the Lloyd’s market for nearly thirty years and currently sits on Lloyd’s Technology & Transformation Advisory Panel. He is also an Executive Action Committee member on the Insurance Taskforce of the Sustainable Markets Initiative. Prior to taking up the role as Head of Climate Strategy, Richard was CEO of Aon’s Global Broking Centre and CEO of the UK and Ireland Specialties division of Aon Reinsurance.

“I’m hugely grateful for all Dom’s hard work over the last nine years. He leaves the Council having achieved tangible progress, particularly on the cultural transformation of the Lloyd’s market and our climate leadership through the Sustainable Markets Initiative Insurance Taskforce.

I’m delighted to welcome Richard as a new member. Richard’s election is testament to the extraordinary contribution he has made to advancing the insurance industry’s aims. As we continue to build a sustainable and inclusive Lloyd’s, Richard will play a vital role in helping us live out our purpose.”
Bruce Carnegie-Brown - Chairman, Lloyd’s
“It is an incredible honour to join the Council of Lloyd’s. For our market, the opportunities to grow and to further stamp our collective societal value are as apparent and important now as they have ever been. In this role, I’m determined to help support Lloyd’s build on its work to become the insurer of the transition to a net zero economy, and to help drive a successful conclusion to market modernisation. I’m excited to get started and thank the members for their faith in electing me.”
Richard Dudley - Global Head of Climate Strategy, Aon

Notes to Editors

  1. 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.
  2. Nominated members of Council are Lloyd’s equivalent to Independent Non-Executive Directors. 
  3. Members of Council serve for three year terms, renewable up to a total of 9 years (in line with wider governance best practice) 
  4. The Lloyd’s Act 1982 definition of a working member: "working member of the Society" means; a member of the Society who occupies themselves principally with the conduct of business at Lloyd's by a Lloyd's broker or underwriting agent; or a member of the Society who has gone into retirement but who immediately before his retirement so occupied themselves.
  5. A new Deputy Chairman of Lloyd’s Council will be announced in due course.
  6. More news and information available from lloyds.com.

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.