Lloyd's franchise performance director will be announced by Christmas, chief executive Nick Prettejohn told an audience of Lloyd's market players this morning.
It is understood the director will be a non-Lloyd's man but a key figure in the London Market.
Prettejohn told the meeting at Lloyd's Old Library, which discussed the latest developments in the Chairman's Strategy Group (CSG) proposals, that "no formal appointment has yet been made, but we hope to have an announcement in the next two to three weeks."
Sources close to Lloyd's told Insurance Times that an offer has been made and that the proposed director was "just negotiating his severance pay with his present employer."
