John Neal to leave Lloyd's

John Neal, the Chief Executive Officer of Lloyd's of London, has announced his departure from the historic insurance marketplace to join Aon, a leading global professional services firm. At Aon, Neal will assume the roles of Global CEO of Reinsurance and Global Chairman of Climate Solutions. 

Neal's tenure at Lloyd's began in October 2018, during which he guided the market through significant challenges, including the COVID-19 pandemic and various geopolitical events. Under his leadership, Lloyd's achieved a notable recovery in profitability, delivering its best underwriting performance since 2007. 

Despite these successes, Neal faced criticism over delays in implementing a major IT project, BluePrint II, aimed at modernizing Lloyd's back-office systems. His departure coincides with the upcoming transition of Lloyd's chairmanship, with Sir Charles Roxburgh set to replace Bruce Carnegie-Brown in May 2025. Neal is expected to remain at Lloyd's through the summer to facilitate a smooth leadership transition. 

At Aon, Neal's appointment reflects the firm's commitment to addressing the increasing volatility driven by climate-related events. He will be based in London and report to Andy Marcell, CEO of Risk Capital for Aon.

During Neal’s tenure with Lloyd’s he was extremely supportive of Argenta and third-party capital support to syndicates. We thank him for his input and attendance at various client events and wish him well in his new role where we look forward to continuing our relationship with him.

Lloyd’s issued a press release which can be found here - Lloyd’s CEO John Neal to leave in 2025