Rothesay appoints Bruce Carnegie-Brown as new chair

Written by Michael Griffiths

03/04/2025

Rothesay has announced the appointment of Bruce Carnegie-Brown as the company’s new chair.

Carnegie-Brown has also been appointed as an independent non-executive director and will take up the role of chair designate from 1 May.

With a long track record in financial services, Carnegie-Brown has been chairman of Lloyd’s of London since 2017 and is due to step down from that position on 30 April. He is also chair of the Leadership Council of TheCityUK, chairman of Cuvva, a digital motor insurance business and chairman of fintech business, Ebury.

From 2015 to 2024, he was also vice chairman and lead independent director of Banco Santander, and has previously served as chairman of Moneysupermarket, non-executive chairman of Aon UK, non-executive director of JLT Group, and senior independent director of Catlin Group and Close Brothers Group. He also previously worked at JP Morgan for 18 years in several senior positions.

Carnegie-Brown said: “Rothesay plays a vital role securing the future for its policyholders and is well-positioned to take advantage of the growth opportunities ahead. It is exciting to support such a high-quality management team and fellow board members, whose industry-leading approach to all aspects of its business underpins a culture of excellence.”

Rothesay revealed the appointment follows a comprehensive search process led by its senior independent director, Terry Miller.

Carnegie-Brown is replacing Naguib Kheraj who has served on Rothesay’s board since 2014 and as chair since 2018. Kheraj will stand down from the board on 30 June and be succeeded by Carnegie-Brown in the role full time from 1 July.

“Being involved with the development and growth of Rothesay has been one of the most satisfying and enjoyable professional experiences in my career,” Kheraj said.

“The business is well-positioned to continue delivering long-term value to its two supportive shareholders who have provided stable capital and very insightful contributions to the board.”

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