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.

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.

In his new role, John Neal will be based in London, joining the Risk Capital leadership team and reporting to Aon Risk Capital CEO Andy Marcell.

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.

He will report to Andy Marcell, CEO of Risk Capital. Aon appointed John Neal as Global Chairman of Climate Solutions and Global CEO of Reinsurance. Neal’s role will commence following the conclusion of his notice period.

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

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.

John Neal is to leave his chief executive position at Lloyd’s to join Aon, the global professional services firm, as global chairman of climate solutions and global CEO of reinsurance. Aon said the

John Neal is to depart from the Lloyd's market to join broking giant Aon as its new Global CEO of Reinsurance and Global

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.