UPDATE 1-Lloyd's of London CEO John Neal to leave in 2025

Reuters
08 Jan

(Adds background, more detail, paragraphs 4-7)

LONDON, Jan 8 (Reuters) - Insurance market Lloyd's of London said on Wednesday that Chief Executive John Neal would leave in 2025 and join insurance broker Aon .

Neal will become global chief executive of Aon's reinsurance business and global chairman of climate solutions, Lloyd's said in a statement.

Neal has been chief executive of Lloyd's for more than six years, and was previously group chief executive of insurer QBE

.

His departure follows that of chairman Bruce Carnegie-Brown, who announced his resignation last year. Carnegie-Brown will be replaced by Charles Roxburgh in May 2025.

"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,” Carnegie-Brown said in a statement.

In a separate statement, Aon said Neal would report to Andy Marcell, chief executive of risk capital, and serve as a member of the firm's risk capital leadership team.

(Reporting by Simon Jessop and Carolyn Cohn. Editing by Jane Merriman)

((simon.jessop@thomsonreuters.com; +44 (0) 207 542 5052; Reuters Messaging: Reuters Messaging: simon.jessop.thomsonreuters.com@reuters.net))

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