John Neal has been appointed as the chief executive officer of Lloyd’s following a meeting of the Council of Lloyd’s, where his appointment as successor to Inga Beale was approved unanimously.
Neal will take up his position at Lloyd’s on Oct. 15, 2018.
Lloyd’s entire career was linked to Lloyd’s market, first as a writer, and then to the CEO of the Lieutenant’s Management Agency.
Finally, with a major Lloyd’s footprint, he became CEO of QBE, a global insurance and reinsurance company. He was responsible for carrying out a $ 14 billion gross written premium (GWP) work, with over 14,000 employees in 37 countries. Neal helped turn the insurer around during his tenure, but scandalized on a matter that was not explained by the secretary as the QBE’s code of conduct required. It was rejected by Patrick Regan in January and was successful.
“I am delighted to welcome John to Lloyd on behalf of the market. The rich experience, both at Lloyd and internationally, including the US, will bring new insights and new insights into the global insurance industry’s challenging times, “says Lloyd’s chairman Lloyd Carnegie-Brown.
“John will continue to focus on Lloyd’s focus on sustainable discipline, focus discipline and a combination of market modernization,” he added.
Carnegie-Brown said, “Lloyd will be a priority in ensuring that the Brix in Brussels continues to serve its customers in the European Economic Area after Brexit.”
“I am grateful to Inga for a long time in the market for leadership in Lloyd’s for the last five years. He has led the market’s modernization program, and its success has been evident recently in the latest rapid increase in electronic installation volumes and at the launch of Lloyd’s Lab. ”
“With the same excitement I felt when I first stepped into the Underwriting Room in 1985, I am excited to have the opportunity to lead Lloyd to leadership,” he said.
Appointment is subject to the approval of the Prudential Regulatory Authority and the Financial Management Authority.
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