Neal starts as new Lloyd’s CEO

John Neal has started as the new chief executive officer (CEO) of specialist insurance and reinsurance market Lloyd’s of London,  taking over from Inga Beale who has been in the role since 2014.

Neal has more than 30 years' experience in the insurance industry, most recently as group CEO of QBE Insurance Group. In this role, he was responsible for running a $14 billion gross written premium (GWP) business with over 14,000 employees in 37 countries.

Neal stepped down from QBE in September 2017, shortly after the Australia-based insurer issued a profit warning on emerging markets claims in June.

Bruce Carnegie-Brown, chairman of Lloyd’s, commented: “On behalf of the Lloyd’s market, I am delighted to welcome John to Lloyd’s. He joins us at an important time and will continue the drive to improve the market’s long-term success through a number of critical areas of focus, including improving the market’s underlying performance, and the launch of Lloyd’s Brussels subsidiary. John brings a wealth of experience and real enthusiasm for tackling the challenges ahead. I am confident that Lloyd’s will continue to thrive under his leadership."

Neal said: “It is a privilege to take the helm at Lloyd’s, the world’s most important commercial insurance and reinsurance marketplace, and the place where I started my career in 1985. The Lloyd’s market is like no other (re)insurance organisation in the world. With an unrivalled pool of underwriting expertise, and a reputation built on 330 years of providing insurance solutions for our customers, it plays a unique role in supporting businesses and economies through its unmatched global reach and customer focus.

"As I begin this role, it is important that we focus on maintaining the market’s reputation for innovation, accelerating our efforts to modernise the ways in which we do business, and take the time to listen to all of our stakeholders, who are critical to the future wellbeing of the Lloyd’s market.”

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