Lloyd’s of London chief executive John Neal will leave the world’s oldest insurance market this year to take a new job leading the reinsurance and climate divisions at Aon, one of the industry’s biggest brokers.

John Neal, chief executive officer of Lloyd’s of London, is set to leave the historic insurance market place for a new role overseeing Aon Plc’s climate solutions and reinsurance businesses.

Lloyd's of London CEO John Neal will leave in 2025 to join insurance broker Aon, the commercial insurance market said on Wednesday, as it faces pressure to speed up automation and improve conduct. Neal will become global CEO of Aon's reinsurance business and global chairman of climate solutions,

Lloyd’s of London chief executive officer John Neal is set to leave his position this year to join Aon. Neal was in the leadership position at Lloyd’s for over six years, having joined from QBE, where he was the group CEO for over five years.

Lloyd’s of London CEO John Neal is quitting the insurance marketplace this year to join broker Aon. His departure will mean a new chief executive and a new chair in 2025, with Bruce Carnegie-Brown due to hand over to Charles Roxburgh in May.

Lloyd’s CEO John Neal will step down later this year and move to Aon, where he will take up the dual role of CEO of global reinsurance and global chair of climate, Insurance Insider can reveal.

John Neal was appointed chief executive in 2018 and has led the business through a tumultuous economic and geopolitical climate.

John Neal was appointed chief executive of the insurance marketplace in 2018 and has been at the helm of the business through a turbulent economic and political environment