Lloyd's of London welcomes John Neal as its new CEO

John Neal has taken over as the new chief executive officer at Lloyd’s of London, replacing Inga Beale who has led the specialist re/insurance marketplace for the past five years.

Neal has more than 30 years’ experience in the insurance industry, most recently as group chief executive officer of QBE Insurance Group. As head of QBE, Neal was responsible for running a $14 billion gross written premium business with over 14,000 employees in 37 countries.

Neal’ whole career has been associated with the Lloyd’s market, first as an underwriter and later as CEO of the Ensign Managing Agency.

“On behalf of the Lloyd’s market, I am delighted to welcome John to Lloyd’s,” said Bruce Carnegie-Brown, chairman of 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.”

‘Privilege to take the helm’

Commenting on his role, 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 organization 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.

Accelerate efforts to modernize

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

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