Lloyd’s confirms members of newly formed Council

Mon 01 Jun 2020

Lloyd’s merges Board and Council to form a single governing body, combining robust governance with swift decision making.

Since our announcement in November 2019, Lloyd’s has taken careful steps to ensure our governance and management of the Lloyd’s market and Corporation is as efficient as possible while also representative of our different stakeholders.

The proposal to make these changes received strong support in November and has involved consultation with the Lloyd’s Market Association (LMA), the Association of Lloyd’s Members (ALM), the High Premium Group (HPG) and Lloyd’s Members’ Agents.

Following an election process in April this year, Lloyd’s can now confirm that, effective 1 June 2020, the members of The Council are:

Bruce Carnegie-Brown (Chairman) (Nominated member)
Andy Haste (Senior Independent Deputy Chairman) (Nominated member)
Angela Crawford-Ingle (Audit Committee Chair) (Nominated member)
Fiona Luck (Nominated member)
Neil Maidment (Risk Committee Chair – subject to regulatory approval) (Nominated member)
John Sununu (Nominated member)
John Neal (Nominated member)
Burkhard Keese (Nominated member)
Andrew Brooks (working member)
Vicky Carter (working member)
Dominic Christian (working member and Deputy Chairman)
Axis Corporate Capital UK Limited represented by Albert Benchimol (corporate external member)
Flectat Limited represented by Michael Watson (corporate external member)
Nameco (No.1249) Limited represented by Jeffery Barratt (individual external member)

The biographies for all Council Members can be seen on Lloyds.com, here.

Due to COVID-19 lockdown restrictions, we were unable to hold a full contested elections process in April as was originally planned. Instead, we rolled over existing members of the Council and retained Karen Green and Dominick Hoare as Special Advisors to the Council until full elections can be held. We aim to do this as soon as reasonably practicable, and before the end of 2020.

Lloyd’s Chairman, Bruce Carnegie-Brown, said:
‘The combination of Board and Council will allow robust and accountable governance with the ability to make swift decisions when necessary. The current COVID-19 pandemic serves as a primary example of our need to be as efficient as possible in our decision-making. I am pleased to welcome all the members of the Council and look forward to working with them all as we deliver Lloyd’s strategy to build the most advanced Insurance marketplace in the world.

“I would like to thank the Lloyd’s Market Association (LMA), the Association of Lloyd’s Members (ALM), the High Premium Group (HPG) and Lloyd’s Members’ Agents in particular for their advice and support in forming the Council.’