John Neal has been named as the new boss of Lloyd’s of London. The former boss of Australia-based insurer QBE will take up the new position on 15 October.
Bruce Carnegie-Brown, Chairman of Lloyd’s, said: “John will continue Lloyd’s focus on delivering sustainable profitability, through a combination of underwriting discipline and market modernisation.
“An immediate priority will be the successful launch of Lloyd’s Brussels subsidiary which will enable Lloyd’s to continue serving its customers in the European Economic Area after Brexit.”
Inga Beale, the first female chief executive of Lloyd’s of London, had announced in June that she would step down.