Chief Executive Officer (CEO) John Neal is to depart from the Lloyd’s market to join broking giant Aon as its new Global CEO of Reinsurance and Global Chairman of Climate Solutions.Neal has worked at Lloyd’s for more than six years and his leaving date is still to be confirmed, subject to his notice period concluding.Aon said that his global climate role, which is a new position at the company, will “help tackle increasing weather and catastrophe risks through advanced analytics, innovative solutions and new sources of capital.” Neal is set to be tasked with leading Aon’s efforts to address the climate change related risks for clients, while also building on the firm’s Reinsurance practice to enhance value for clients.Neal will take an important role in delivering Aon’s Reinsurance solutions and will be based in London, reporting to Andy Marcell, CEO of Risk Capital for Aon.

He will also serve as a member of the firm’s Risk Capital leadership team.“John’s career is celebrated for looking ahead to the future and investing in technology and talent to position the insurance industry for greater impact and growth,” explained Greg Case, CEO of Aon.“He brings significant and relevant experience that will advance our 3×3 Plan to accelerate our Aon United strategy, unlock integrated climate solutions and ultimately create key points of difference in how we serve our clients across risk and people issues.” Andy Marcell also said, “I’m excited to welcome John to Aon.

He brings a wealth of experience, strategic vision and a deep understanding of the shifting needs of our clients.His leadership will be instrumental in supporting the team to address the challenges organizations face across the megatrends of Trade, Technology, Weather and Workforce, and developing solutions that enable our clients to thrive in a rapidly changing world.” Lloyd’s Chairman, Bruce Carnegie-Brown, commented on Neal’s pending departure, “Since appointing John as CEO 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.

During 2025, John will continue to support both the planned succession of a new Chair of the Council of Lloyd’s and the executive leadership transition.” John Neal added, “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.”.All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance can be accessed online.

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