Nick Prettejohn to join Lloyd's insurer's board
Private equity consortium Achilles has nominated Nick Prettejohn, a former chief executive of Lloyd's, as the new chairman of Lloyd's insurer Brit.
Prettejohn was widely tipped to be in the running for the chairman's job at Brit. He was chief executive of Lloyd's between 1999 and 2005, having first joined the corporation in 1995. After leaving Lloyd's he became chief executive of UK insurer Prudential. He is currently a non-executive director of Legal & General.
Achilles, a joint venture of private equity companies Apollo and CVC Capital Partners, is in the process of buying Brit, and currently has acceptance of around 72% of Brit's shareholders for the transaction.
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