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.
Ep161 Greg Hendrick CEO Vantage Risk: There’s no such thing as The Vantage Way
Special Ep Andrew Bart, CEO International Operations Crawford & Company: The Future of Loss Adjusting
Ep160 Andrew Robinson CEO Skyward Specialty Insurance: Still navigating by the North Star
Ep159 James Baird & Paul Richards Co-CEOs Consilium: Do you pass the barbecue test?
Ep158 Trevor Carvey CEO Conduit Re: The Cat tide has lifted all the property ships
Ep157 Killian McDermott Executive Partner POP Holdings: The opposite of the Palo Alto approach
Ep156 Duncan Dale, CEO Dale Underwriting Partners: Everything’s better than we planned for
Ep155 James Hands CEO Miller: Always looking through a client lens
Special Ep. Risto Rossar CEO of Insly: How no-code software will unleash an age of insurance innovation
Ep154 Richard Watson and Stuart Bridges of Inigo: Curiosity & Hard Work
Ep153 Ben Hubbard CEO & Co-Founder of Parsyl: Bringing a good kind of naïveté to insurance
Ep152 Phil Hobbs President & Managing Director at Liberty Specialty Markets: Meeet the $24bn (re)insurer
Ep151 Rob Schimek Group CEO bolttech: Cooperate to graduate
Ep150 London: Creative when we need it to be, with John Sutton and Jonathan Tritton of Acrisure London Wholesale
Ep149 Adrian Cox CEO Beazley: High Risk & High Reward
Ep148 Reinsurance Reset 2023 with David Priebe, James Vickers & David Flandro
Ep147 Alastair Swift Head of CRB Global Lines WTW: The open-scissor market
Ep146 Alex Blanco CEO Vantage Insurance: Seeking the intellectually curious and mentally ambidextrous
Ep145 Adrian Jones Partner HSCM Ventures: We need to reconsider the word Insurtech
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