Lloyd's announced yesterday that CEO John Neal will be leaving Lloyd's in 2025, after leading the world's marketplace for insurance and reinsurance for over six years. Mr Neal will be joining Aon as its global CEO of reinsurance and global chairman of climate solutions.
During his tenure, he has led a reset in the strategic direction of the world’s largest insurance marketplace, turning the market around to consistently deliver industry-leading performance, placing it in the strongest financial position in recent memory, with sustainable growth and record profits. Mr Neal has also set up Lloyd’s strategic agenda to deliver digital, operational and cultural change for the long-term future of the market.
Alongside delivering outstanding financial performance and upgraded financial strength ratings, his leadership has guided Lloyd’s through a number of complex challenges including Brexit, rising interest rates and inflation, a global pandemic and geopolitical conflict.
He has also been instrumental in promoting the strength and contribution of the insurance industry to critical stakeholders, as well as advancing strategic partnerships with the UN and governments around the world. This has included his strong advocacy for the critical role that Lloyd’s and the global insurance industry has in supporting the transition to a sustainable future.