Consultancy group McKinsey & Co has confirmed that its head of UK financial institutions practice, Charles Roxburgh, is not on the short list to become the new chief executive of Lloyd's.

Since the previous chief executive Nick Prettejohn announced his resignation in October, there had been speculation that Roxburgh was a candidate for the job.

One senior source had described him as a "wonderfully clear brain, [who] understands the market and will produce a vision for the future".

But this week, a McKinsey spokesman said Roxburgh "was not a candidate".

Julian James, the director of worldwide markets at Lloyd's, is thought to be a strong contender for the chief executive job.

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.