Today’s guest is John Neal CEO of Lloyd’s, back on the show after an absence of more than two years.
Back then he described an ambition to put the Lloyd’s halo back in place.
Well, two full years of underwriting profitability later and the market has regained a huge amount of its cachet and prestige and begun to reap the rewards of its painful remediation process.
But this podcast is as far as you can imagine from a triumphal romp through the market’s considerable achievements of the past couple of years.
It’s about the here and now of this still-transitioning market and the major opportunities it is throwing up for Lloyd’s underwriters.
It’s also about a culture change on one Lime Street.
Engaging positively with and backing smart businesses with good ideas and being more principles rather than rules-based, while at the same time remaining hyper-vigilant on any backsliding on hard-won improvements in rate and terms and conditions.
And it’s about delivery and leadership – delivery on tech reform and leadership on the big calls around systemic risk and on the massive challenges and opportunities being thrown up by ESG and the transition to net zero
We even make time to talk about the culture and work environment of the London Market in the post pandemic world.
I’ll stop myself there because there’s a danger that these intros become just a shopping list of the topics we address.
Take my word for it, we talk about literally everything on the global insurance and reinsurance agenda today and nothing is off limits.
But ultimately this is a great opportunity to spend 45 minutes in a very relaxed and intimate conversation with a leader of a very important segment of our global insurance ecosystem.
As you’d expect, he’s in great form and it’s clear to me that he is growing in confidence.
The confidence and conviction was there before, but there’s nothing like good results to add positive reinforcement.
Here is someone who is getting through to the market and clearly feels he is going to be able to carry the market along with him to face the challenges of the future – and do so from a position of relative strength.
We haven’t had a Lloyd’s CEO in this sort of position for at least a couple of decades – and that’s why what he says here has more meaning than in the past.
The fact is that because of the credible delivery of the objectives of the first phase of his tenure, John’s thoughts about what comes next carry more weight than before.
And that’s why I highly recommend a detailed listen.
Ep 48 D&O: The hardest market of all time with David Ritchie of Gallagher UK
Ep 47 Pat Ryan: Build a business people are proud to work for
Ep 46 The Best Market for a Decade: David Croom-Johnson MD Aegis London
Ep 45 Selling certainty, with Stefan Golling Chief Underwriter Munich Re
Ep 44 Juan Andrade of Everest Re: An Underwriter’s market
Ep 43 Swimming as the tide goes out, with Laurent Rousseau Deputy CEO of Scor Global P&C
Ep 42 Coverholders in a box: Stephen Card of Carbon Underwriting
Ep 41 A Great Time to be an Underwriter. With Tim Carter CUO of Argo Group
Ep 40 Rule your niche with Andrew Robinson of HIIG
Ep 39 Slaying the myths of Legacy with Tom Booth of Darag
Ep 38 The future of insurance is now, with Stephen Brittain of the Insurtech Gateway
Ep 37 Capital Masterclass with Vicky Carter of Guy Carpenter
Ep 36 Howden plans with José Manuel González and Barnaby Rugge-Price
Ep 35 Re-shaping Aspen with Mark Cloutier
Ep 34 Worldwide ambition with Mike Reynolds of Oneglobal
Ep 33 Seizing a golden opportunity with Franz-Josef Hahn of Peak Re
Ep 32 The mid-year renewals with James Vickers, Chair of Willis Re International
Ep 31 Andrew Horton: Beazley, the hard market and the new Lloyd's
Ep 30 Steve McGill: Rip up your original business plan...
Ep 29 John Ludlow of Airmic: Insurance falling short of high standards and founding principles
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