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.
Ep180 Craig Kingaby CEO Meridian & Mark Heath CEO Acies: Playing our own game
Special Ep Amrit Santhirasenan CEO hyperexponential: How to win at the team sport of underwriting
Ep179 Antony Erotocritou CEO Ardonagh Specialty: We’re not slowing down
Ep178 Tony Ursano of Insurance Advisory Partners: A ton of fun!
Special Ep Paul Templar and Sebastian Prosser of VIPR: Stop throwing people at the problem
Special Ep Warren Downey & Lee Anderson of Specialist Risk Group: Building a natural home for specialists
Ep177 Chris Killourhy QBE Re: Balance is critical
EP176 Lorraine Harfitt of Asta: People, Plan, Capital.
Ep175 Julian James, Sompo International: A Degree of Equilibrium
Ep174 James Drinkwater, Amwins: Time and Money
Ep173 Clive Washbourn of Navium: Welcome back, my friends
Ep172 Simon Lightbody CEO Rhodian: Making a home they’ll never want to leave
Ep171 Alex Powell of Aegis: Realistic, but with an added dose of niceness
Special Ep David Cabral: Thinking beyond ESG
Ep170 Simon Wilson, President Markel International: The market will dictate
Ep169 Keith Meier of Assurant: Listen to your customers
Ep168 Sean McGovern, Chair of the LMG: On the verge of achieving real change
Special Ep: James York of Peaccce - from inertia to outright hostility
Ep167 Steve McGill: A billion in revenues through organic growth
Ep166 James Boyce CEO Global Specialties Guy Carpenter: Retro pushing peak affordability
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