Vicky Carter: Lloyd's deputy chair sees City as a club

Key facts

• Vicky Carter is the deputy chair of Lloyd's and Chairman of global capital and advisory at Guy Carpenter.
• She transitioned to the City of London after initially studying medicine.
• Carter was the first female founder of a Lloyd's broking business.
• She believes the City of London is a club that builds extraordinary relationships.
• Carter sees AI as an opportunity for the insurance industry, not a threat to jobs.
• Her proudest moment was becoming the first female deputy chairman of Lloyd's.

Vicky Carter, currently the Chairman of global capital and advisory at Guy Carpenter and deputy chair of Lloyd's, shared insights into her extensive career in the insurance industry. Carter initially pursued medicine at St Bartholomew's but pivoted to the City of London after failing a physics paper. She began her insurance career as a junior broker in non-marine reinsurance at Winchester Baring, eventually co-founding Dunn & Carter, which made her the first female founder of a Lloyd's broking business. Her career trajectory also includes leading international business for E.W. Blanch and serving as Chairman of UK and Europe at Towers Perrin before joining Guy Carpenter in 2010. Carter was elected to the Council of Lloyd's in 2019 and became its first female deputy chairman in 2021. She describes the City of London as a "club in the best sense," emphasizing the enduring value of face-to-face relationships in the insurance market, which she considers unique. Carter expressed optimism about the future of the industry, viewing artificial intelligence as a tool that will create opportunities by automating mundane tasks and freeing up professionals for more engaging work. She highlighted her role in creating "The Rising Professionals" initiative, aimed at providing more opportunities for young people entering the industry. Carter cited meeting Ted Blanch as a memorable business encounter, appreciating his meritocratic approach, and identified becoming deputy chairman of Lloyd's as her proudest professional achievement.