Carnegie-Brown will take up the position in June, subject to regulatory approval. (Courtesy: Lloyd's of London)

(Bloomberg) – Lloyd’s of London named Bruce Carnegie-Brown to succeed  John Nelson as chairman of the insurance market founded in a coffee house in 1688.

Carnegie-Brown, who is also chairman of Group Plc and vice chairman of Banco Santander SA, will take up the position in June, subject to regulatory approval, Lloyd’s of London said in a statement on Monday.

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