Climate strategist to take top seat at Lloyd’s

Lloyd’s commitment to managing climate risks more effectively has been bolstered with the election of Richard Dudley, global head of climate strategy at Aon, as a Working Member of the Lloyd’s Council.

Dudley (above) replaces Dominic Christian, (pic below) who will be stepping down on 31 January 2023 after 9 years’ contribution to Lloyd’s Council.

Dudley’s election will be effective from 1 February 2023.

He has been working in the Lloyd’s market for nearly thirty years and currently sits on Lloyd’s Technology & Transformation Advisory Committee. He is also an Executive Action Committee member on the Insurance Taskforce of the Sustainable Markets Initiative.

Prior to taking up the role as head of climate strategy, Dudley was CEO of Aon’s Global Broking Centre and CEO of the UK and Ireland Specialties division of Aon Reinsurance.

Bruce Carnegie-Brown, Lloyd’s chairman, said: “I’m hugely grateful for all Dom’s hard work over the last nine years. He leaves the Council having achieved tangible progress, particularly on the cultural transformation of the Lloyd’s market and our climate leadership through the Sustainable Markets Initiative Insurance Taskforce.

“I’m delighted to welcome Richard as a new member. Richard’s election is testament to the extraordinary contribution he has made to advancing the insurance industry’s aims. As we continue to build a sustainable and inclusive Lloyd’s, Richard will play a vital role in helping us live out our purpose.”

Dudley added: “It is an incredible honour to join the Council of Lloyd’s. For our market, the opportunities to grow and to further stamp our collective societal value are as apparent and important now as they have ever been. In this role, I’m determined to help support Lloyd’s build on its work to become the insurer of the transition to a net zero economy, and to help drive a successful conclusion to market modernisation. I’m excited to get started and thank the members for their faith in electing me.”