Lloyd's of London CEO John Neal will leave in 2025 to join insurance broker Aon, the commercial insurance market said on Wednesday. Neal will become global CEO of Aon's reinsurance business and global chairman of climate solutions,

John Neal, chief executive officer of Lloyd’s of London, is set to leave the historic insurance market place for a new role overseeing Aon Plc’s climate solutions and reinsurance businesses.

Lloyd’s CEO John Neal will step down later this year and move to Aon, where he will take up the dual role of CEO of global reinsurance and global chair of climate, Insurance Insider can reveal.

Neal’s departure from one of the City of London’s top jobs comes as Lloyd’s prepares for former Treasury civil servant Sir Charles Roxburgh to replace Bruce Carnegie-Brown as its chair. Neal’s move was first reported by Insurance Insider and was confirmed by the companies on Wednesday.

Lloyd's of London chief executive officer John Neal is set to leave his position this year to join Aon as its global CEO of reinsurance.

Insurance market Lloyd's of London (SOLYD.UL) said on Wednesday that Chief Executive John Neal would leave in 2025 and join U.S. insurance broker Aon .