STATISTICS:

Starting 15 October, John NEAL will take up the Lloyd's CEO position

Lloyd's has confirmed the appointment of John NEAL, ex CEO of the QBE Group, Chief Executive Officer (CEO), to replace the departing Inga BEALE, effective as of 15 October 2018.

John's whole 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 USD 14 billion gross written premium (GWP) business with over 14,000 employees in 37 countries. He 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 market, I am delighted to welcome John to Lloyd's. His wealth of experience both at Lloyd's and internationally, including the US, will bring new insights and fresh thinking at a challenging time for the global insurance industry.

"John will continue Lloyd's focus on delivering sustainable profitability, through a combination of underwriting discipline and market modernization. An immediate priority will be the successful launch of Lloyd's Brussels subsidiary which will enable Lloyd's to continue serving its customers in the European Economic Area after Brexit.

"I am grateful to Inga for the leadership she has provided to Lloyd's over the past five years, during a challenging time for the market. She has driven the market's modernization programme, the success of which is evident not least in the recent rapid increase in electronic placement volumes and the launch of the Lloyd's Lab."

Commenting on his appointment, John added:
"I am thrilled to be offered the opportunity to lead Lloyd's and will do so with the same excitement I felt when I first stepped into the underwriting room back in 1985. The insurance sector is facing many challenges. For 330 years the Lloyd's market has demonstrated its ability to innovate and adapt, and I look forward to playing my part to ensure this unique marketplace remains at the forefront of global commercial corporate and specialty insurance and reinsurance."

The appointment is subject to approval and consent from the Prudential Regulation Authority and the Financial Conduct Authority.

Follow XPRIMM Publications on LinkedIn, for more data on the insurance and financial industry.

Share |

Related articles

Increasing regions' resilience to flood and draught - on the ICAR 2018 agenda

In the context of the increasing frequency and intensity of meteorological events as a result of climate change, improving resilience to natural disaster risks is a primary objective, which requires the cooperation of all the interested entities - institutions of public administration, associations specialized in risk analysis and assessment, insurance companies, consultancy bodies, and non-profit organizations, etc.

2018-09-20

LIVE: 1st National Reinsurers Summit in Moscow: focus on global cooperation

Today has started in Moscow the 1st National Reinsurers Summit "National Reinsurers: Focus on global cooperation". Organized by the Russian National Reinsurance Company (RNRC) with the support of the Central Bank of the Russian Federation, the conference has the xprimm.com insurance portal as Media Partner.

2018-09-20

LIVE from Monte Carlo: The 62nd edition of the "Rendez-Vous de Septembre"

The 62nd edition of the "Rendez-Vous de Septembre", the annual traditional meeting of reinsurers starts Sunday in Monte Carlo. XPRIMM Publications covering the CEE, SEE and CIS insurance markets are available at the XPRIMM stand in Fairmont Hotel, as well as at the most important venues in Monte Carlo.

2018-09-13

ICAR 2018 registrations opened; top professionals in the fields of re/insurance, claims adjusting, risks modelling on the speakers list

"Various macro trends keep manifesting themselves: the digital age, longevity, ecological breakdown and increased protectionism are some of the key topics. While these changes can threat an established business model, macro trends can also be used to widen a commercial playground and explore different fields of profit," says Angelika WERNER, Expert Atmospheric Perils, Property Underwriting EMEA, Swiss Re.

2018-09-13

ON THE MOVE

TOP EVENT

photodune-3834701-laughing-girl-xs

LIVE: 1st National Reinsurers Summit in Moscow: focus on global cooperation

Today has started in Moscow the 1st National Reinsurers Summit "National Reinsurers: Focus on global cooperation". Organized by the Russian National Reinsurance Company (RNRC) with the support of the Central Bank of the Russian Federation, the conference has the xprimm.com insurance portal as Media Partner.

20.09.2018

photodune-3834701-laughing-girl-xs

LIVE from Monte Carlo: The 62nd edition of the "Rendez-Vous de Septembre"

The 62nd edition of the "Rendez-Vous de Septembre", the annual traditional meeting of reinsurers starts Sunday in Monte Carlo. XPRIMM Publications covering the CEE, SEE and CIS insurance markets are available at the XPRIMM stand in Fairmont Hotel, as well as at the most important venues in Monte Carlo.

13.09.2018

Willis Re - Market still soft, but functional

Despite the high losses from 2017 the reinsurance market is still soft, James KENT, Global Chief Executive Officer (CEO) of Willis Re stated at a press briefing in Monte Carlo.

10.09.2018

See all