Lloyd’s, the specialist insurance and reinsurance market, today welcomes John Neal as its new chief executive officer.
Neal brings more than 30 years’ experience in the insurance industry, most recently as group CEO of QBE Insurance Group. He succeeds Inga Beale who announced in June 2018 that she would step down after leading the market for five years.
“On behalf of the Lloyd’s market, I am delighted to welcome John to Lloyd’s,” said Lloyd’s Chairman Bruce Carnegie-Brown.
“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,” added Carnegie-Brown. “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.”
“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,” Neal said.
“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,” Neal continued.
“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 wellbeing of the Lloyd’s market,” Neal went on to say.
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