Bruce Carnegie-Brown officially began his tenure as Lloyd’s chairman last week (14 June), succeeding John Nelson following his retirement.

In conjunction with starting his new role at Lloyd’s, the Moneysupermarket Group chairman stepped down from his position as non-executive director at JLT last week, having joined the broker’s board in May 2016.

Carnegie-Brown was confirmed as the Lloyd’s chairman by the Lloyd’s Council in February 2017, beating other shortlisted candidates to the role which were reported to have included XL Catlin deputy executive chairman Stephen Catlin and former trade minister Lord Davies.

In a statement on his first day as chairman, Carnegie-Brown said: “I am very excited to get started. In the months since my appointment was announced, I have been meeting with people in the Lloyd's market to hear from them about the challenges they face and what we as a Corporation can do.”

“It is also clear that there is a lot to be positive about. The excellence and expertise that exist in this market mean that, alongside the challenges, we also have many opportunities which I look forward to helping to develop in the months and years to come.”

In addition to his role as Moneysupermarket Group chairman, Carnegie-Brown has also been vice chairman of Banco Santander since February 2015.

He was chief executive for Marsh UK and Europe between 2003 and 2006, after which he ran 3i Group plc's quoted private equity division for a couple years.

During his career, he has also served as non-executive chairman at Aon UK from 2012 to 2015 and was senior independent non-executive director at Catlin 2010 and 2014.

He has previously spent 18 years working for JP Morgan across several senior roles and has also acted as a senior independent director at Close Brothers Group.