Lord Levene has been confirmed as the new Chairman of Lloyd's.

He takes over from out-going Chairman Sax Riley, who is retiring after two years in office.

The Council of Lloyd's elected him unopposed to the position earlier this morning.

Lord Levene said: "By 2004, I expect to see a stronger, more disciplined Lloyd's which can be compared favourably with the insurance industry worldwide in terms of its transparency and its efficiency.

"Beyond that, the goal is profitability that is sustainable in the long term. It's a goal I'm committed to achieve."

Looking to the future he added: "I shall be working very closely with our Chief Executive Nick Prettejohn, and the senior team as we drive forward the implementation of our reform programme and complete the transformation of Lloyd's."

The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.