How does Lloyd’s plan to secure its future as a leading global marketplace?

Lloyd’s chair, Sir Charles Roxburgh, joined the market in May with a full in-tray—most notably, the task of appointing the next CEO. Now, with a fresh leadership team in place, he is working alongside CEO Patrick Tiernan to cement Lloyd’s position at the forefront of the insurance world.

Roxburgh told Behind the Headlines that he is leveraging decades of consulting experience and nearly nine years at the top of the Treasury to demonstrate to governments and regulators the vital role Lloyd’s plays in the global economy. Speaking at the Rendez-Vous de Septembre in Monte Carlo, he emphasized that Lloyd’s continues to champion innovation and must stay aligned with major economic shifts, including the rise of AI.

He also reflected on his work during the reconstruction and renewal process in the 1990s—a period he describes as a truly “existential crisis” for the market.

In this episode’s news discussion, Insurance Insider editor Fiona Robertson shares the key takeaways from the reinsurance conversations in Monte Carlo.