John brings more than 30 years' experience in the insurance industry, most recently as Group CEO of QBE Insurance Group.
Chairman of Lloyd’s, Bruce Carnegie-Brown said:
“On behalf of the Lloyd’s market, I am delighted to welcome John to Lloyd’s. He joins us at an important time and will continue the drive to improve the market’s long-term success through a number of critical areas of focus, including improving the market’s underlying performance, and the launch of Lloyd’s Brussels subsidiary. John brings a wealth of experience and real enthusiasm for tackling the challenges ahead. I am confident that Lloyd’s will continue to thrive under his leadership."
John Neal, CEO of Lloyd’s, said:
“It is a privilege to take the helm at Lloyd’s, the world’s most important commercial insurance and reinsurance marketplace, and the place where I started my career in 1985. The Lloyd’s market is like no other (re)insurance organisation in the world. With an unrivalled pool of underwriting expertise, and a reputation built on 330 years of providing insurance solutions for our customers, it plays a unique role in supporting businesses and economies through its unmatched global reach and customer focus. As I begin this role, it is important that we focus on maintaining the market’s reputation for innovation, accelerating our efforts to modernise the ways in which we do business, and take the time to listen to all of our stakeholders, who are critical to the future wellbeing of the Lloyd’s market.”
Notes for editors
John Neal's biography
John Neal was appointed Chief Executive Officer (CEO) in October 2018. He was previously 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 $14 billion gross written premium (GWP) business with over 14,000 employees in 37 countries. John refocused QBE’s business around commercial and specialty lines, disposing of non-core portfolios and reducing costs by over $350 million. Before becoming CEO, he held a number of roles at QBE including Chief Underwriting Officer and Chief Operations Officer of the firm’s European operations. Prior to this, he led a management buyout of Ensign to establish a dedicated Lloyd’s Managing Agency. As CEO of Ensign, he grew GWP to $300 million to create the leading specialist commercial motor underwriter in the UK. He also worked at Bankside Managing Agency, where he was the youngest active underwriter at Lloyd’s. He started his career at the Crowe Underwriting Agency, where over the course of a decade he grew UK GWP from £3 million to £100 million.
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