Bruce Carnegie-Brown has been named as Lloyd's of London's new chairman

The chairman of Moneysupermarket.com has been confirmed as the new chairman of Lloyd's of London, following an extended period of speculation. Lloyd's confirmed that Carnegie-Brown, who is also vice-chairman of Banco Santander, will take up his new role in June. His appointment is still subject to approval from the Prudential Regulation Authority and the Financial Conduct Authority. There was a unanimous agreement for Carnegie-Brown to replace John Nelson at a meeting of the Lloyd's council. The appointment also has the unanimous support of the Lloyd's Franchise Board. John Nelson said, "Quite simply, this is an excellent appointment. Bruce has an extensive career in financial services, with major global firms particularly in insurance where he brings a deep knowledge and understanding of the broker and underwriting market.” Carnegie-Brown has held executive and non-executive roles at Marsh Europe, Aon UK, Catlin Group and JLT. He was appointed as chairman of Moneysupermarket Group in April 2014 and has been in his role at Santander since February 2015.