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.
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Ep 81 Ash Bathia CEO Probitas 1492: Driving your own destiny
Ep 80 Matthew Shaw CUO of TMK: The most submissions for a decade
Ep 79 Neil Eckert and Trevor Carvey of Conduit Re: Big enough to be impactful but small enough to be nimble
Ep 78 Steve McGill: Building Excitement and Scale
Ep 77 Stephen Catlin & Paul Brand Convex: Being ready ahead of the market
EP 76 Keith Wolfe President Swiss Re P&C US: A complete view of the world's biggest market
Ep 75 Greg Collins CEO of Miller: A speedboat among supertankers
Special Episode: Introducing McKenzie Intelligence Services with founder Forbes McKenzie
Ep 74 Matthew Wilson Group CEO Brit: Pretending Brit didn't exist
Ep 73 Mitch Blaser CEO Mosaic: If you're a hammer everything looks like a nail
Ep 72 Colin Thompson Group CEO Nexus: Eat your own cooking
Ep 71 Ross Howard Global Executive Chairman of Lockton Re: Why knowledge is key and king
Special Episode: Bonkers or Brilliant? A fresh perspective on innovation from Insurtech Gateway’s Robert Lumley and Stephen Brittain
Ep 70 Greg Hendrick CEO Vantage Group: Being what the market will let us be
Special Episode: Introducing Supercede with founders Jerad Leigh and Ben Rose
Ep 69 Pina Albo CEO Hamilton Group: The wait is over
Ep 68 Steve Hearn CEO Corant Global: One broker, many brands
Ep 67 Charles Mathias Group CRO Fidelis: A market not lacking capital, but profit
Special Episode: Introducing Worry + Peace with founder James York
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