Following a glut of recent insurance executive appointments in recent weeks, Lloyd's of London today announced that John Nelson was named to succeed Lord Levene of Portsoken as the next chairman of Lloyd's insurance market. Nelson is slated to take the office in October.
"It is a great honor for me to accept this role and I look forward to playing my part in steering the world’s leading insurance market through the next stage of its evolution," Nelson said, adding that recent global catastrophes such as the earthquakes in Japan and New Zealand and floods in Australia highlighted the vital role insurance plays in helping communities and businesses rebuild after a disaster.
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