Lloyd’s of London CEO Inga Beale will step down in 2019, having led the global insurance and reinsurance market for five years.
Beale joined Lloyd’s in January 2014 and has played a vital role in the cultural change and adoption of new technology that has accelerated the market’s modernisation and digitalisation.
In 2013, Beale founded the Inclusion@Lloyd’s initiative which has embedded diversity and inclusion as a business imperative across the global insurance sector.
Prior to joining Lloyd’s Beale served as group CEO at Canopius Group and as global chief underwriting officer at Zurich.
The exact date for Beale’s departure will be confirmed in due course.
Bruce Carnegie-Brown, chairman at Lloyd’s said Beale’s boldness and persistence have been key in bringing about real change.
Carnegie-Brown explained: “In her five years at Lloyd’s, Inga Beale has set in motion a series of changes aimed at modernising the market and making it more efficient and inclusive.”
“I have very much enjoyed working with Beale, and I am grateful for the support she has given me in my first year as chairman.”
Beale said that leaving Lloyd’s had been a tough decision.
She added: “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.”
