John Neal Takes Command of Lloyd's
October 18, 2018
John Neal has officially taken command of Lloyd's, succeeding Inga Beale as CEO.
Mr. Neal's entire career has been associated with the Lloyd's market, first as an underwriter and later as CEO of the Ensign Managing Agency. He was most recently group CEO of QBE, a global insurance and reinsurance business with a significant Lloyd's footprint.
In this role, he was responsible for running a $14 billion gross written premium business with over 14,000 employees in 37 countries.
In a statement from Lloyd's, the organization said that Mr. Neal brings significant experience as a global CEO who has a track record as a highly effective leader who can deliver business transformation.
Bruce Carnegie-Brown, chairman of Lloyd's, said, "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."
John Neal, CEO of Lloyd's, 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 unrivaled 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 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."
(Photo of John Neal above is courtesy of Lloyd's.)
October 18, 2018
