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Lloyd's of London to appoint Bruce Carnegie-Brown as chairman

The Telegraph logo The Telegraph 17/02/2017 By Szu Ping Chan
Lloyd's of London to appoint Bruce Carnegie-Brown as chairman

Bruce Carnegie-Brown will be announced as the new chairman of Lloyd’s of London next week as the former JP Morgan veteran secures one of the most prestigious posts in the City.

He will replace John Nelson, who has held the insurance market post since 2011 and is due to retire in May.

Mr Carnegie-Brown is currently non-executive chairman at Moneysupermarket.com and an independent director at Santander UK.

He previously spent almost two decades at JP Morgan, where he was seen as one of the most influential figures in the European debt markets.

His appointment comes at a crucial time for Lloyd’s, which is preparing to establish a new EU subsidiary ahead of Brexit.

Other names in the frame included industry favourite Stephen Catlin, who joined the Lloyd’s market in the Seventies, as well as former trade minister Lord Davies.

An official announcement is expected early next week, provided the appointment is approved by the Council of Lloyd’s, which is responsible for the market’s supervision.

Lloyd's declined to comment. The appointment was first reported by Insurance Insider.

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