Why the London Market Still Leads the World — Caroline Wagstaff on Growth, Regulation & Talent
21st November 2025
In this episode of MGAA Conversations, host Mike Keating sits down with Caroline Wagstaff, CEO of the London Market Group (LMG), for a candid and insightful discussion on the health, competitiveness, and long-term future of the London insurance market.
Together, Mike and Caroline delve into:
- How the LMG champions the collective voice of the London Market
- Maintaining the UK’s global competitiveness amid rising international competition
- The importance of attracting and nurturing new talent
- The success of initiatives such as the Lime Street Festival and shared talent pools
- Regulatory engagement, proportionality, and the new UK captive regime
- Why positioning insurance as a force for social good is vital for the market’s future
Here are some insights from Caroline:
- “Our role is to speak up for the London Market — to make sure we’re fit for the future and recognised for our global contribution.”
- “We can’t rest on our laurels. There are people out there who’d like a bit of our lunch.”
- “Every year there’s a new generation of 17-year-olds who’ve never heard of insurance — so we have to keep telling our story.”
- “You can’t make short-term decisions without understanding the long-term consequences. Hiring young people is an investment in our future.”
Resources
- London Market Group (LMG): http://www.londonmarketgroup.co.uk
- London Insurance Life: www.londoninsurancelife-lmg.com
About The Guest
Caroline Wagstaff is the Chief Executive Officer of the London Market Group (LMG), which represents the combined interests of brokers, insurers, and Lloyd’s market participants.
A seasoned communicator and industry leader, Caroline is known for her strategic advocacy work on behalf of the London Market — from regulatory engagement and government relations to championing initiatives that attract new and diverse talent into the sector.
She is particularly passionate about positioning the insurance industry as a force for social good and an exciting, long-term career destination for young professionals.