Lloyd’s CEO John Neal to leave in 2025

08 Jan 2025

Lloyd’s today announced that Chief Executive Officer John Neal will be leaving Lloyd’s in 2025, after leading the world’s marketplace for insurance and reinsurance for over six years. Neal will be joining Aon as its Global CEO of Reinsurance and Global Chairman of Climate Solutions, with the leaving date to be confirmed in due course.

During Neal’s 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. 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, Neal’s leadership has guided Lloyd’s through a number of complex challenges including Brexit, rising interest rates and inflation, a global pandemic and geopolitical conflict.

Neal 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.

"Since appointing John as CEO in 2018, he has made a tremendous contribution to Lloyd’s. 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. 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"

Bruce Carnegie-Brown, Chairman, Lloyd’s

“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. 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.”

John Neal, CEO, Lloyd's

Notes to Editors

Enquiries to

pressoffice@lloyds.com

About Lloyd’s

Lloyd’s is the world’s leading marketplace for commercial, corporate and specialty risk solutions. Through the collective intelligence and expertise of the market’s underwriters and brokers, we’re sharing risk to create a braver world.

The Lloyd’s market offers the resources, capability and insight to develop new and innovative products for customers in any industry, on any scale, in more than 200 territories.

We’re made up of more than 50 leading insurance companies, over 380 registered Lloyd’s brokers and a global network of over 4,000 local coverholders. Behind the Lloyd’s market is the Corporation: an independent organisation and regulator working to maintain the market's successful reputation and operation.

About Lloyd’s

We’re working to build solutions for the most current and prevalent threats. As Chair of the Insurance Task Force for HRH The Prince of Wales’s Sustainable Markets Initiative, Lloyd’s is bringing the industry together to insure the transition to net zero. Our research community is pooling expertise from across the industry to provide cutting edge insight on systemic risks from climate change to cyber security.

Lloyd’s Futureset

And through our digital-led strategy, The Future at Lloyd’s, we’re making it easier and cheaper to place, price and process cover in the Lloyd’s market.

Future at Lloyd’s