Lloyd's of London CEO Inga Beale to step down

Lloyd's said Beale leaves it with "a strengthened reputation as one of the most respected and trusted insurance brands in the world", with a strong and experienced leadership team focused on delivering Lloyd’s strategic priorities.

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.”

Chairman Bruce Carnegie-Brown said that during her time at Lloyd’s, Beale 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."

Beale's exact leaving date will be confirmed in due course.