The search for a new Lloyd’s chairman faces delays

The search for John Nelson’s successor as chairman of Lloyd’s could be delayed up until March. It has been reported that a decision is some way off with the initial plan for an announcement in December. Lloyd’s have revealed little of the recruitment process with fear of information being leaked but it has been speculated that XL Catlin's deputy executive chairman Stephen Catlin remains in the running for the post. Talks with a number of other leading players in the industry are still ongoing. The earliest the industry could expect to hear of the replacement is mid-February however March is seen as a more realistic time frame. John Nelson is thought to be stepping down in May leaving a narrow window for the handover process to take place.