Neal will be tasked with driving Aon’s initiatives to mitigate risks related to climate change. Credit: Mojahid Mottakin/Shutterstock.

Aon has named John Neal as the global chairman of Climate Solutions and global CEO of its Reinsurance arm. 

Neal will move to Aon from Lloyd’s of London, where he has held the role of CEO since October 2018.  

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He will quit the insurance marketplace this year, with his departure date to be announced in “due course”. 

At Aon, Neal will be tasked with driving initiatives to mitigate risks linked to climate change and bolster the company’s reinsurance growth. 

He will operate out of London, report to Aon Risk Capital CEO Andy Marcell and join the company’s Risk Capital leadership team. 

Neal began his career at Crowe Underwriting Agency. 

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Before his role at Lloyd’s, he was the Group CEO of QBE, where he managed a $14bn (£11.4bn) of gross written premium business and oversaw more than 14,000 employees across 37 countries. 

Earlier, Neal held various leadership roles at QBE, including chief underwriting officer and chief operations officer for European operations.  

His career also includes a stint at Bankside Managing Agency. 

Marcell said: “I am excited to welcome John to Aon. 

“His leadership will be instrumental in supporting the team to address the challenges organisations face across the megatrends of Trade, Technology, Weather and Workforce, and developing solutions that enable our clients to thrive in a rapidly changing world.” 

Neal added: “At Aon, I am looking forward to supporting colleagues as they look to serve clients’ reinsurance needs and deliver smart insurance solutions that help address some of the world’s most pressing challenges, especially with regard to the climate transition.” 

Last month, Aon partnered with flood specialist Fathom to enhance its Climate Risk Monitor solution to offer clients a comprehensive understanding of flood risks in the context of climate change.