Lloyd’s of London appoints new chairman

John Nelson will succeed Lord Levene as the next chairman of Lloyd’s insurance market in October 2011. Lord Levene is retiring after nine years as Lloyd’s chairman. Nelson spent 15 years at Kleinwort Benson, working in both the United Kingdom and the United States, before moving to Lazard in 1986. At Lazard, he ran the corporate finance division for 13 years. He retired as chairman of Credit Suisse First Boston Europe in 2002 after three years. He then took up a number of board and advisory positions, including deputy chairman of Kingfisher plc.