John Neal, chief executive officer of Lloyd's of London Ltd., during a Bloomberg Television interview in London on Thurs., March 28, 2024. (Credit: Chris Ratcliffe/Bloomberg)
Lloyd’s of London CEO John Neal is stepping down after more than six years in the role, the world’s largest insurance marketplace announced on Wed., Jan. 8.
While Neal’s departure date was not disclosed, Lloyd’s confirmed Neal would be joining Aon as its Global CEO of Reinsurance and Global Chairman of Climate Solutions sometime in 2025.
“I will be forever grateful to my colleagues and many others across the Lloyd’s market for the opportunity to put in place a framework that has delivered strong and sustainable financial performance and positions Lloyd’s for future success,” said Neal in a release. “At Aon, I’m looking forward to supporting colleagues as they look to serve clients’ reinsurance needs and deliver smart insurance solutions that help address some of the world’s most pressing challenges, especially with regard to the climate transition.”
Neal’s tenure at Lloyd’s was marked with a reset in the strategic direction to deliver digital, operational and cultural change for the long-term future of the market, sustainable growth and record profits.
“Today we see excellent performance at Lloyd’s, real strategic intent and execution, and an industry-leading voice that is valued by governments, regulators and customers around the world,” said Bruce Carnegie-Brown, chairman, Lloyd’s. “During 2025, John will continue to support both the planned succession of a new Chair of the Council of Lloyd’s and the executive leadership transition."
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