John Neal News

Lloyd’s in Talks With UN Over New Black Sea Grain Insurance Cover: CEO Neal

Lloyd’s of London is in talks with the United Nations over providing insurance cover for Ukrainian grain shipments if a new Black Sea corridor deal can be reached, its CEO John Neal told Reuters on Thursday. NATO member Turkey is …

Lloyd’s Cyber War Exclusions: Confusing, Disruptive, but Necessary?

The rollout of the Lloyd’s cyber war exclusions has received considerable criticism for the chaos and confusion caused in the weeks leading up to the March 31st effective date. But there are some certainties to keep in mind about the …

Lloyd’s CEO Neal Hospitalized After Serious Bike Accident

Lloyd’s CEO John Neal was involved in a collision with a car while riding his bike on Saturday, March 26, Lloyd’s said in a statement. Neal sustained serious injuries and is undergoing treatment in hospital, but he is expected to …

Lloyd’s Slaps Record Fine on Atrium Underwriters for Bullying, Harassment

Lloyd’s of London has fined syndicate member Atrium Underwriters over one million pounds ($1.31 million) for bullying and harassment, the largest fine it has imposed for misconduct, the commercial insurance market said on Wednesday. Lloyd’s said in its “notice of …

Lloyd’s Forms New Operational Structure to Deliver Blueprint 2 Modernization Program

Lloyd’s announced a new operational structure for the delivery of its transformational Blueprint Two program, following the departure of Lloyd’s Chief Operations Officer (COO) Jennifer Rigby. Rigby leaves Lloyd’s on Jan. 21, and under the new structure, Burkhard Keese, currently …

Lloyd’s, IUA Sign Contract With DXC to Help Build Fully Automated Processing

Lloyd’s confirmed a contract has been signed with DXC Technology and the International Underwriting Association (IUA) in an agreement that will build the solutions to digitalize, streamline and fully automate processing for the Lloyd’s and London market. Lloyd’s described the …

Workers in London’s Financial Services Industry Are Returning to Their Desks in Droves

On the lower floors of HSBC Holdings Plc’s Canary Wharf headquarters, the desks are filling up. Traders, salespeople and close support staff not currently in the office have been told they are expected to be at their workstations on the …

CEO Views: Successes and Failures in Dealing with Pandemic Challenges

As insurance professionals prepare for mask-free life and opportunities to exchange ideas in person, industry leaders took the virtual stage again at a midyear conference, recounting industry lessons learned during the 15 months since COVID distancing began. John Neal, chief …

Insurance Industry Groups Join Forces to Help UK Career-Break Women Return to Work

Nine leading insurance industry businesses announced the creation of a program in the UK that will enable “career-break” professionals to return to work. The program will enable participating firms to tap into the “forgotten army” of experienced women who are …

Lloyd’s Launches Global Platform to Drive Resilience to World’s Systemic Risks

Lloyd’s, the insurance and reinsurance marketplace, is launching “Futureset,” a new global platform and community dedicated to driving greater societal and economic resilience to the world’s most challenging risks. The global platform has been developed to respond to the large …