Inga Beale defied tradition as the first female chief executive when she joined Lloyd’s in January 2014.
Inga Beale, chief executive of Lloyd’s of London, will step down in 2019 following five years at the helm of the global re/insurance market.
Beale defied tradition as the first female chief executive when she joined Lloyd’s in January 2014.
Since then, she has committed to transforming the market, with her efforts leading to significant cultural change and the adoption of new technology that has accelerated the market’s modernisation and digitalisation strategy.
Embedding diversity and inclusion into the market has been both an imperative and personal mission of Beale’s.
The decision to leave has been a tough one and when the time comes I will miss the energy, innovative spirit and expertise that I come across every working day.
The Inclusion@Lloyd’s initiative, which Inga founded in 2013 and is celebrated via the annual Dive In festival, continues to have a major impact across the global insurance sector.
In a statement from Lloyd’s, the Corporation said Beale “leaves Lloyd’s with a strengthened reputation as one of the most respected and trusted insurance brands in the world.”
The search for Beale’s successor has begun.
Commenting on her resignation, Beale said: “The decision to leave has been a tough one and when the time comes I will miss the energy, innovative spirit and expertise that I come across every working day.
“Leading Lloyd’s is an honour and I am proud to have played a part in ensuring that it remains relevant and fit for purpose for the future. The world trusts Lloyd’s to be there when it matters the most and I believe it is well placed for the next 330 years.”
Bruce Carnegie-Brown, Chairman at Lloyd’s, added: “In her five years at Lloyd’s, Inga has set in motion a series of changes aimed at modernising the market and making it more efficient and inclusive. Her boldness and persistence have generated the momentum required to bring about real change. I have very much enjoyed working with Inga, and I am grateful for the support she has given me in my first year as Chairman.”
Inga’s leaving date will be confirmed at a later date.
Prior to taking the helm at Lloyd’s, Beale spent just over two years as group chief executive of Canopius Group.
Before Canopius, she spent four years with Zurich Insurance Group, including a period as global chief underwriting officer.
She was previously group chief executive of Swiss reinsurer Converium and while there, she led a major turnaround of the business before it was acquired by SCOR in 2007.