Editing Lloyd's of London (section)

===Council of Lloyd's===
[[File:Lloyd's building Adam Room.jpg|thumb|The Council meets in the Committee Room, on the 11th floor of the Lloyd's building.]]
The Lloyd's Act 1982 defines the management structure and rules under which the market operates. Under the Act, the Council of Lloyd's is responsible for the management and supervision of the market. It is regulated by the [[Prudential Regulation Authority (United Kingdom)|Prudential Regulation Authority]] and the [[Financial Conduct Authority]].<ref>{{cite web |url=http://www.lloyds.com/Lloyds/About-Lloyds/Lloyds-governance-structure/Regulation-of-Lloyds |title=Regulation of Lloyd's – About Lloyd's – Lloyd's |publisher=Lloyds.com |date=31 December 2005 |access-date=20 March 2011 }}{{dead link|date=December 2017 |bot=InternetArchiveBot |fix-attempted=yes }}</ref>

The Council normally has six working, six external and six nominated members.<ref>{{cite web |url=http://www.lloyds.com/Lloyds/About-Lloyds/Lloyds-governance-structure/Council-of-Lloyds |title=Council of Lloyd's – About Lloyd's – Lloyd's |publisher=Lloyds.com |date=31 December 2005 |access-date=20 March 2011 }}{{dead link|date=December 2017 |bot=InternetArchiveBot |fix-attempted=yes }}</ref> The appointment of nominated members, including that of the chief executive officer, is confirmed by the [[Governor of the Bank of England]]. The working and external members are elected by Lloyd's members. The chairman and deputy chairmen are elected annually by the Council from among the working members of the Council. All members are approved by the regulating bodies.

The Council can discharge some of its functions directly by making decisions and issuing resolutions, requirements, rules and bylaws. The Council delegates most of its daily oversight roles, particularly relating to ensuring the market operates successfully, to the Franchise Board.

The Franchise Board lays down guidelines for all syndicates and operates a business planning and monitoring process to safeguard high standards of underwriting and risk management, thereby improving sustainable profitability and enhancing the financial strength of the market. The Board is chaired by the chairman of Lloyd's and has three executive members, three non-executives connected to the market and five independent non-executives.<ref>{{cite web |url=http://www.lloyds.com/Lloyds/About-Lloyds/Lloyds-governance-structure/Lloyds_Franchise_Board |title=Franchise Board – About Lloyd's – Lloyd's |publisher=Lloyds.com |date=31 December 2005 |access-date=20 March 2011 }}{{dead link|date=December 2017 |bot=InternetArchiveBot |fix-attempted=yes }}</ref>

====Chair of Lloyd's====
The following is a list of the chair of Lloyd's since 1979:
{|
|-
| • 1979–83: Sir Peter Green || • 1984–87: Sir Peter Miller || • 1988–90: Murray Lawrence
|-
| • 1991–92: David Coleridge || • 1993–97: Sir David Rowland || • 1998–00: Max Taylor
|-
| • 2001–02: Sax Riley || • 2003–11: [[Peter Levene, Baron Levene of Portsoken|Lord Levene]] || • 2011–17: [[John Nelson (businessman)|John Nelson]]
|-
| • 2017–25: [[Bruce Carnegie-Brown]]
|• 2025-present: [[Charles Roxburgh|Sir Charles Roxburgh]]
|}

====Chief executives of Lloyd's====
The following is a list of the chief executive officers of Lloyd's since the role was created in 1983:
{|
|-
| • 1983–85: [[Ian Hay Davison]] || • 1985–92: Alan Lord || • 1992–95: Peter Middleton
|-
| • 1995–99: [[Ron Sandler]] || • 1999–06: Nick Prettejohn || • 2006–13: [[Richard Ward (businessman)|Richard Ward]]
|-
| • 2013–18: [[Inga Beale]] || • 2018–present: John Neal
|}