Lloyd’s confirms Council membership updates following elections

14 Nov 2025

Lloyd’s, the world’s leading insurance and reinsurance market for global risk, today announced changes to its Council membership following elections to fill two working member vacancies. 

The changes to Lloyd’s Council are as follows: 

  • Richard Dudley has been re-elected 
  • Duncan Dale has been elected

This election cycle comes as Andrew Brooks steps down after nine years as a working member on the Council of Lloyd’s, including as a Deputy Chair since 2023. All new terms of office will commence on 1 February 2026. 

Richard Dudley is currently Group Chief Broking Officer at BMS Group. He was first elected as a member of the Society in 2012 and joined the Council of Lloyd’s in 2023. He is also President of the Insurance Institute of London, and Chair of Lloyd’s Technology and Transformation Committee. 

Duncan Dale is the founder and CEO of Dale Underwriting Partners. He was first elected as a member of the Society in 2014. Duncan is a board member and Executive Committee Chair of Dale Partners Group Limited, and member of the LMA Board.

“This year’s Council election was extremely competitive, with three outstanding candidates competing for the two open positions. I would like to thank all candidates for their dedication to the electoral process over the past weeks.

“Richard’s re-election is a testament to the significant value he brings to the Council, and I look forward to Duncan contributing the deep expertise he has gained over more than 40 years in the industry.

“Finally, I extend my heartfelt thanks to Andrew Brooks, who has served with distinction during his tenure on Council, offering wise counsel, sound Classification: Confidential judgement and deep market insight. I am particularly grateful for his support during my first months as Chair.” 

Lloyd’s Chair, Sir Charles Roxburgh

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) 
  • 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.


Enquiries to: 

UK: pressoffice@lloyds.com

Read the corporate notice

About Lloyd’s

Lloyd’s is the world’s leading insurance and reinsurance market for global risk. Through the collective intelligence and expertise of the network’s underwriters and brokers, we connect risk to capital, provide global access to trading partners across borders, and innovative solutions that protect societies and businesses worldwide.

The Lloyd’s market is made up of over 50 leading insurance companies, more than 400 registered brokers and a global network of over 2,900 local coverholders. That reach is extended by the global licenses and regulatory permissions we hold, which enable customers to access insurance solutions in 80 countries, reinsurance solutions in 100 countries and offshore reinsurance in over 200 territories.

In 2024, the Lloyd’s market underwrote £55.5bn in insurance premiums, backed by over £100bn of centrally held capital. It underwrites risk spread by syndication and its financial strength is amplified by a strong balance sheet, excellent credit ratings, and a chain of security.

Behind the Lloyd’s market is the Corporation: an independent organisation and regulator working to maintain the market's successful reputation and operation.