Lloyd’s has announced the appointment of Inga Beale as its new CEO. She will take over on the first of January, when current CEO Richard Ward steps down at the end of December, and will be the first woman to serve as CEO.
Beale comes to Lloyd’s with three decades of international insurance and reinsurance experience. Most recently, she has been Group Chief Executive of Canopius, the prominent Lloyd’s managing agent.
Prior to that she spent four years with Zurich Insurance, including a period as Global Chief Underwriting Officer. She joined Zurich after having served as Group CEO of Converium Ltd, the Swiss mid-sized independent reinsurance company, where she led a major turnaround of the business before it was acquired by SCOR in 2007.
Beale started her career as an underwriter with Prudential before spending 14 years in a variety of international roles for GE Insurance Solutions.
Lloyd’s Chairman John Nelson commented: “I am absolutely delighted that we have appointed Inga as Chief Executive. She has 30 years’ experience in the insurance industry. Her CEO experience, underwriting background, international experience and operational skills, together with her knowledge of the Lloyd’s market, make Inga the ideal Chief Executive for Lloyd’s. I very much look forward to working with her.”
Beale described Lloyd’s as an international leader, adding that “this unique market has an extraordinary opportunity to increase its footprint and to cement its position as the global hub for specialist insurance and reinsurance. I’m looking forward to working with the Lloyd’s team and the wider market to deliver a strategy for profitable and sustainable growth alongside Lloyd’s robust market oversight.”
Source: Lloyd’s of London