The Lloyd’s Market Association (LMA) Board has announced a change in its leadership transition process, extending the appointment timeline for its new chair. Following a recommendation by the LMA Nominations Committee, the new chair will officially assume the position on January 1, 2026. A news release highlighted a transition period will begin in 2025, during which the future chair will serve as chair-elect alongside the current chair.
Andrew Brooks, the current LMA chair, will continue in his role throughout 2025. Sean McGovern, CEO of UK & Lloyd’s at AXA XL, has been appointed chair-elect and will serve alongside Brooks during the transition year. This procedural adjustment aims to provide continuity in leadership and a smooth handover.
LMA chief executive Sheila Cameron praised the decision, stating: “I am delighted that Andrew Brooks and the board have agreed that Andrew will remain as chair for 2025, and also that Sean McGovern, CEO, UK & Lloyd’s, AXA XL, will serve as chair-elect during that time. Sean will remain chair of the London Market Group during 2025, and this will provide a useful synergy across the two Associations, helping us to build on our already closely aligned campaigning and market development goals.”
McGovern, who also chairs the London Market Group (LMG), expressed his enthusiasm about the opportunity. “Our market is an exciting place to be with real future opportunities for growth through innovation,” McGovern said. “Both the LMA and the LMG play important roles in putting forward the value of our market to regulators, government, clients and partners, and I look forward to taking on the LMA chair role in 2026 to continue to build the strong partnership between the LMA and Lloyd’s.”
Brooks, reflecting on his time as chair, said: “I am looking forward to working closely with Sean during this year of transition. It has been a pleasure to support the LMA as chair during an exciting growth period for our market.” He added that he is confident the association’s future will be secure under McGovern’s leadership.
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