By Jean Eaglesham
Lloyd's of London, the world's biggest insurance marketplace, will switch to new leadership later this year.
John Neal is stepping down as chief executive after more than six years in the role, Lloyd's said Wednesday.
Neal oversaw a turnaround of the centuries-old institution after taking the reins in 2018. Tougher underwriting discipline helped move the marketplace from annual losses to multibillion-dollar profits.
During his tenure, insurers and reinsurers contended with a global pandemic, wars, inflation and rising losses from natural catastrophes.
Neal's departure date hasn't yet been announced, nor has a successor been named. He will join insurance broker Aon as its global head of reinsurance, Lloyd's said.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
January 08, 2025 10:03 ET (15:03 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。