AON announced the appointment of John Neal as Global Chairman of Climate Solutions and Global CEO of Reinsurance for Aon, effective following the conclusion of his notice period. Neal will help lead Aon's efforts to address the growing and complex risks associated with climate change, while also building on the success of the firm's Reinsurance team, further enhancing the value Aon delivers to clients. His appointment arrives at a critical time as businesses and communities around the world must tackle increasing volatility driven by climate-related events, and as Aon continues to leverage its integrated Risk Capital capabilities to offer the firm's clients advanced analytics, innovative solutions and access to new sources of capital.

Neal will play an important role in delivering Reinsurance solutions to meet the evolving demands of today's dynamic marketplace. He will be based in London, reporting to Andy Marcell, CEO of Risk Capital for Aon, and serve as a member of the firm's Risk Capital leadership team. Neal will join Aon from Lloyd's of London, where he has served as CEO since October 2018.

During his tenure, Lloyd's experienced a remarkable transformation, achieving performance and the company's strongest financial position in its 340-year history. His strategic initiatives helped position the company for long-term growth and sustainability, while reinforcing the vital role the insurance industry plays in helping clients navigate risks - from geopolitical volatility to climate change. Prior to joining Lloyd's, Neal served as Group CEO of QBE, where he was responsible for running a $14 billion gross written premium (GWP) business with over 14,000 employees in 37 countries.

Before becoming CEO, he held a number of leadership positions at QBE, including Chief Underwriting Officer and Chief Operations Officer of the firm's European operations. Previously, he led a management buyout of Ensign to establish a dedicated Lloyd's Managing Agency. As CEO of Ensign, he grew GWP to $300 million to create the leading specialist commercial motor underwriter in the UK.

He also worked at Bankside Managing Agency, where he was the youngest active underwriter at Lloyd's, and started his career at the Crowe Underwriting Agency.