Risk capital and human capital solutions provider Aon announced the appointment of John Neal, who has been serving as CEO of insurance marketplace Lloyd’s of London, to the newly created role of Global Chairman of Climate Solutions and as Global CEO of Reinsurance.

In the new role, Neal will efforts to address the growing and complex risks associated with climate change, helping to tackle increasing weather and catastrophe risks through advanced analytics, innovative solutions and new sources of capital, in addition to leading Aon’s Reinsurance team.

According to Aon, the appointment comes as businesses and communities are faced with the need to address increasing volatility driven by climate-related events, with the firm moving to leverage its integrated Risk Capital capabilities to offer solutions for its clients.

Greg Case, CEO of Aon, said:

“John’s career is celebrated for looking ahead to the future and investing in technology and talent to position the insurance industry for greater impact and growth. He brings significant and relevant experience that will advance our 3×3 Plan to accelerate our Aon United strategy, unlock integrated climate solutions and ultimately create key points of difference in how we serve our clients across risk and people issues.”

Neal has served as CEO of Lloyd’s since 2018. Prior to joining Lloyd’s he served as Group CEO of global insurance and reinsurance business QBE, after holding a series of leadership positions at the company including Chief Underwriting Officer and Chief Operations Officer of the firm’s European operations.

Neal said:

“I will be forever grateful to my colleagues and many others across the Lloyd’s market for the opportunity to put in place a framework that has delivered strong and sustainable financial performance and positions Lloyd’s for future success. At Aon, I’m 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.”

Based in London, Neal will report to Andy Marcell, CEO of Risk Capital for Aon, and serve as a member of the firm’s Risk Capital leadership team.