Produced by ESG News, April 2023

Full Interview

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Bruce Carnegie-Brown, Chairman of Lloyds of London, speaks to Force for Good on the need to building resilience, insuring for global risks to address climate change and other critical risks, and the challenges of capitalism today

“we absolutely need to be investing in our resilience … we specialize really in the world's largest and most complex risks …

So very engaged in the world's biggest events, and therefore very interested in influencing policies that help build resilience into the global economy … So we understand about how to deliver relief at the point of need … making sure that we can move capital freely to a point of need is a huge, hugely important issue for us …

I think capitalism is the best model out there. It doesn't work in isolation of having the right values and rules around it …

I am an optimist in that I think working together, we can get to the right outcomes, and we shouldn't let the overwhelming sense of the risks that are out there, defeat us in that, in that ambition.”

Bruce speaks to Force for Good about:

  • The global risks facing the world, transcending national boundaries

  • The challenges to capitalism

  • Why capitalism is a powerful and much needed force for addressing the issues and how Lloyds plays as a participant

  • Resilience as a solution to the SDG gap

  • How Lloyds of London approaches risk as a truly global player across the world, between the Global North and South

  • Why he is an optimist

...and much more

Brief Profile:

Chairman of Lloyd's

Nominated Council member, Chair of the Nominations & Governance Committee, Remuneration Committee member

Bruce Carnegie-Brown was appointed Chairman in June 2017. He is currently also Vice- Chairman of Banco Santander, Chairman of the MCC, Chair of the Leadership Council of TheCityUK and Chairman of Cuvva, a digital motor insurance business.

He was a Non-Executive Director of JLT Group plc from 2016 to 2017, prior to which he was Non-Executive Chairman of Aon UK Ltd from 2012 to 2015, Senior Independent Director of Catlin Group Ltd from 2010 to 2014 and Chief Executive for Marsh UK and Europe from 2003 to 2006. He was Chairman of Moneysupermarket Group from 2014 to 2019 and Senior Independent Director of Close Brothers Group plc from 2006 to 2014 and is a Past President of the Chartered Management Institute.

He previously worked at JP Morgan for 18 years in a number of senior roles and was Managing Partner of 3i Group plc's Quoted Private Equity Division from 2007 to 2009.