The Council today confirmed that Mr Carnegie-Brown, Chairman of Moneysupermarket.com Group and vice-Chairman of Banco Santander S.A., 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, Bruce 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.”

Chief Executive, Inga Beale DBE, 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.”

Bruce Carnegie-Brown has over thirty-five years of experience across the financial services. He was Chief Executive for Marsh Europe between 2003 and 2006, Non-Executive Chairman of Aon UK Ltd from 2012 to 2015 and was also a Senior Independent Non-Executive Director at the Catlin Group plc between 2010 and 2014. He will be stepping down from his current role as a Non-Executive Director of JLT Group plc.

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 plc's Quoted Private Equity Division from 2007 and was a Senior Independent Director at Close Brothers Group plc.

Notes for Editors

Biography of Bruce Carnegie-Brown

Moneysupermarket Group
April 2014 – present: Appointed Chairman of Moneysupermarket Group
April 2010: Appointed Senior Independent Director

JLT Group plc
May 2016: Appointed Non-Executive Director

Banco Santander S.A.
January 2015: Appointed First Vice-Chairman and Lead Independent Director
October 2012: Appointed Non-Executive Director

Aon UK Ltd
September 2012 – 2015: Non-Executive Chairman

Catlin Group Ltd
August 2010 – May 2014: Non-Executive Director and Director

Close Brothers Group plc
June 2006 – 2014: Independent Non-Executive Director, including 2008-2014 as Senior Independent Director

3i Group
January 2007 – June 2009: Managing Partner

Marsh & McLennan Companies Inc
June 2003 – June 2006: Chief Executive Marsh Ltd; CEO Europe and Middle East Operations; CEO for UK of Marsh and McLennan Companies Inc

JP Morgan
1985 – 2003: Managing Director of JP Morgan including Chairman and Chief Executive Officer of JP Morgan Securities Asia from 1998 to 2000 and Head of European and Asian Debt Capital Markets from 2000 to 2003.

Bank of America Corp
1981-1983: Investment banker