Bruce Carnegie-Brown will continue as Chairman of Lloyd’s after being appointed to a third term as head of the global insurance body.

Mr Carnegie-Brown, who was first appointed Chairman in 2017, will hold his role until 2025.

During his tenure, Mr Carnegie-Brown is credited with installing long-term goals on the organisation’s culture and performance standards, in addition to emphasising its transition towards digitalisation.

“It has been a privilege to serve as Lloyd’s Chairman over the last five years, and I am honoured to be re-appointed,” Mr Carnegie-Brown said.

“There remains a great deal that we still need to do across the market and corporation to build on the progress that we have made together in recent years, and I am grateful for the opportunity to continue doing so.”

Lloyd’s CEO John Neal praised Mr Carnegie-Brown’s role in leading Lloyd’s through the pandemic, saying that he is the right man to head the organisation.

“It is a welcome affirmation from Bruce of his commitment to Lloyd’s and will provide the leadership team with continuity as it delivers on Lloyd’s strategy,” Mr Neal said.

“His guidance and tenacity has seen Lloyd’s through some challenging times, and we are now in a strong position to build on the gains made in recent years.”