Chief Govt Officer (CEO) John Neal is to depart from the Lloyd’s market to affix broking big Aon as its new World CEO of Reinsurance and World Chairman of Local weather Options.
Neal has labored at Lloyd’s for greater than six years and his leaving date remains to be to be confirmed, topic to his discover interval concluding.
Aon mentioned that his world local weather function, which is a brand new place on the firm, will “assist deal with growing climate and disaster dangers by means of superior analytics, revolutionary options and new sources of capital.”
Neal is ready to be tasked with main Aon’s efforts to handle the local weather change associated dangers for shoppers, whereas additionally constructing on the agency’s Reinsurance apply to boost worth for shoppers.
Neal will take an necessary function in delivering Aon’s Reinsurance options and will probably be primarily based in London, reporting to Andy Marcell, CEO of Threat Capital for Aon. He may also function a member of the agency’s Threat Capital management crew.
“John’s profession is well known for waiting for the longer term and investing in know-how and expertise to place the insurance coverage {industry} for better affect and development,” defined Greg Case, CEO of Aon. “He brings vital and related expertise that can advance our 3×3 Plan to speed up our Aon United technique, unlock built-in local weather options and finally create key factors of distinction in how we serve our shoppers throughout danger and folks points.”
Andy Marcell additionally mentioned, “I’m excited to welcome John to Aon. He brings a wealth of expertise, strategic imaginative and prescient and a deep understanding of the shifting wants of our shoppers. His management will probably be instrumental in supporting the crew to handle the challenges organizations face throughout the megatrends of Commerce, Know-how, Climate and Workforce, and growing options that allow our shoppers to thrive in a quickly altering world.”
Lloyd’s Chairman, Bruce Carnegie-Brown, commented on Neal’s pending departure, “Since appointing John as CEO in 2018, he has made an incredible contribution to Lloyd’s. At this time we see wonderful efficiency at Lloyd’s, actual strategic intent and execution, and an industry-leading voice that’s valued by governments, regulators and clients around the globe. Throughout 2025, John will proceed to assist each the deliberate succession of a brand new Chair of the Council of Lloyd’s and the manager management transition.”
John Neal added, “I will probably be eternally grateful to my colleagues and plenty of others throughout the Lloyd’s marketplace for the chance to place in place a framework that has delivered robust and sustainable monetary efficiency and positions Lloyd’s for future success. At Aon, I’m trying ahead to supporting colleagues as they give the impression of being to serve shoppers’ reinsurance wants and ship sensible insurance coverage options that assist tackle a number of the world’s most urgent challenges, particularly with regard to the local weather transition.”
