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Friday 29 June, 2018

Lloyds Of London

Lloyd's CEO Inga Beale to leave in 2019

RNS Number : 0835T
Lloyds Of London
29 June 2018



29 June 2019



Lloyd's CEO Inga Beale to leave in 2019


Lloyd's today announced that Chief Executive Officer, Dame Inga Beale, will step down next year after leading the global insurance and reinsurance market for five years.


Inga joined Lloyd's in January 2014. Since then, her commitment to transformation across the market, and within the Corporation, has led to significant cultural change and the adoption of new technology that has accelerated the market's modernisation and digitalisation.


Meanwhile, the [email protected]'s initiative, which Inga founded in 2013 and is celebrated via the annual Dive In festival, has embedded diversity and inclusion as a business imperative across the global insurance sector.


Inga will leave Lloyd's with a strengthened reputation as one of the most respected and trusted insurance brands in the world, with a strong and experienced leadership team focused on delivering Lloyd's strategic priorities.


Inga Beale, Chief Executive Officer at Lloyd's, said:


"The decision to leave has been a tough one and when the time comes I will miss the energy, innovative spirit and expertise that I come across every working day. Leading Lloyd's is an honour and I am proud to have played a part in ensuring that it remains relevant and fit for purpose for the future. The world trusts Lloyd's to be there when it matters the most and I believe it is well placed for the next 330 years."


Bruce Carnegie-Brown, Chairman at Lloyd's, said:


"In her five years at Lloyd's, Inga has set in motion a series of changes aimed at modernising the market and making it more efficient and inclusive. Her boldness and persistence have generated the momentum required to bring about real change. I have very much enjoyed working with Inga, and I am grateful for the support she has given me in my first year as Chairman"

Inga's leaving date will be confirmed in due course and the search for her successor is underway.

Notes to editors:

·     Inga is a Member of the UK Government's Financial Services Trade and Investment Board, the UK Department for Education's Business Advisory Group, the London Mayor's Business Advisory Board, the Geneva Association Board, and is President of the UK Chartered Insurance Institute. Inga is also a member of the UK Government's Public Service Leadership Taskforce.

·     Prior to joining Lloyd's, Inga was Group Chief Executive of Canopius with its principal operations at Lloyd's.  Before that she spent four years with Zurich Insurance Group, including a period as Global Chief Underwriting Officer.  She was Group CEO of Swiss reinsurer Converium Ltd and while there, she led a major turnaround of the business before it was acquired by SCOR in 2007.  She started her career as a reinsurance underwriter with Prudential before spending 14 years in a variety of international roles for GE Insurance Solutions.


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