Neal to step down as Lloyd’s chief executive for new Aon role

Lloyd’s of London has announced that John Neal will be stepping down from his role as chief executive.

In a statement, the marketplace said that Neal would be departing to take up a new major role at Aon.

Neal became Lloyd’s chief executive in 2018 and has led the strategic direction of the marketplace.

He also oversaw the strategic agenda to deliver digital, operational and cultural change for the long-term future of the market.

Lloyd’s Chairman Bruce Carnegie-Brown said: “Since appointing Neal as chief executive 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.”

Succession

During 2025, Neal will continue to support both the planned succession of a new chair of the council at Lloyd’s and the executive leadership transition.

A leaving date will be confirmed in due course.

Once he leaves, he will become the new global chief executive of reinsurance and global chairman of climate solutions at Aon.

Neal said: “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.”