Bronek Masojada elected 698th Lord Mayor of the City of London

The City of London Corporation announced that Alderman Bronek Masojada has been chosen as its 698th Lord Mayor. The election follows his recent term as Sheriff and his long service as Alderman for Billingsgate.

Masojada brings nearly three decades of experience at Hiscox, where he spent 28 years, including 21 as Group Chief Executive, guiding the insurer’s transformation into a global specialist firm. His career also includes senior roles across the wider insurance market, a stint at McKinsey & Company and current chairmanships of SiriusPoint and Saltus Ltd, alongside a non-executive directorship at Brown & Brown and advisory work for fintech start-ups.

Beyond the private sector, he chairs the East End Community Foundation, an organisation that supports community projects and employment initiatives across Newham, Tower Hamlets, Hackney and the City of London. His public-service record includes serving as Sheriff of the City of London in 2023/24 and holding the Aldermanic seat for Billingsgate since 2019.

Mayoral focus on talent and investment

In his new role, Masojada will act as an international ambassador for the United Kingdom’s financial and professional services sector. He intends to build on the tradition of successive Lord Mayors by fostering connections between talent, capital and opportunity, aiming to attract both domestic and foreign investment to support emerging industries and business growth across the country.

He highlighted the importance of talent, stating that it forms the foundation for spotting opportunities and drawing capital. The mayoral programme for 2026/27 continues the corporation’s rolling strategic plan, which concentrates on linking capital with opportunity rather than adopting a separate annual theme.

The City’s economic significance

The City of London underpins a substantial portion of the UK economy, supporting roughly 676,000 workers and 24,000 businesses. Its activities generate about £109 billion of economic output and £1.3 billion in business rates, while the broader financial and professional services sector contributes around £110 billion in tax revenue and underwrites 2.5 million jobs nationwide, two-thirds of which are outside London.

Security for official events at Guildhall remains robust, with 24-hour staff, CCTV monitoring, bag and person searches and close cooperation with the City of London Police, Metropolitan Police, London Ambulance Service and London Fire Brigade. Visitors are advised to travel light, as bag checks are routine and cloakroom space is limited.

Masojada concluded his election statement by describing the appointment as a profound honour and pledging to showcase British opportunities, persuade capital to invest and champion talent on both local and global stages.