Lloyd's chairman Lord Levene of Portsoken would "not have the time" to take on the deputy chairman role at J Sainsbury full-time, according to Lloyd's sources.
According to reports, Lord Levene may step up from his non-executive director role on the supermarket's board to be the interim deputy chairman.
Sir Ian Prosser, the former chairman of the brewing and hotel mulitnational Bass, had to reject the deputy chairman's job only four days after his appointment was confirmed.
Lord Levene, described as a "safe pair of hands" would also face corporate governance issues if he were to hold both chairmanships, said sources.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
