January 21st 2026
LONDON 21 January, 2026 – The London Market Group has today announced a number of changes to its board. Led by new Chair Chris Lay, CEO of Marsh UK, the changes are as follows:
- Following his appointment as Chair of the International Underwriting Association (IUA), Theo Butt, CEO, UK, Convex, joins the board in place of Claire Macdonald, CEO of SCOR.
- Similarly, newly-appointed Chair of the Lloyd’s Market Association (LMA), Sean McGovern, CEO UK & Lloyd’s at AXA XL, replaces Andrew Brooks, outgoing Chair of the LMA.
- Alex Powell, CEO of AEGIS London, also joins the board as a representative of the LMA.
- Patrick Tiernan, CEO of Lloyd’s, replaces Rachel Turk, Chief of Market Performance at Lloyd’s.
Chris Lay, CEO of Marsh UK and Chair of the London Market Group, said: “I would like to extend my thanks, and the thanks of the Board, to Claire, Andrew, and Rachel for their dedication and commitment to the work of the LMG during their time on the board. Their contributions have been invaluable.
“As we welcome Theo, Alex, and Patrick, I am energised by the opportunity to work together on the LMG’s core priorities of attracting the next generation of talent to the London insurance market, and ensuring we advocate for the most competitive and forward-thinking regulatory environment. With their expertise and fresh perspectives, I am confident we will continue to strengthen the London Market’s position as a global leader.
“I am also delighted that Sean maintains a seat on the board in his new role as Chair of the LMA and look forward to benefitting from his continued contributions as we advance these priorities.”
ENDS
For more information please contact:
Victoria Sisson, Omnia Partners
07941 294872
Victoria.Sisson@weareomniapartners.com Victoria.sisson@weareomniapartners.com Victoria.sisson@weareomniapartners.com
