Lloyd’s appoints first female CEO

Inga Beale, former Group CEO at Canopius has been appointed CEO of the Lloyd’s market, succeeding Richard Ward. She will take up her position in January.

Beale has more than thirty years experience within the international re/insurance market and takes the helm at Lloyd’s at an interesting time as the market looks to take forward its Vision 2025.

Commenting on Beale’s appointment, John Nelson, chairman of Lloyd's, said: “I am absolutely delighted that we have appointed Inga as Chief Executive. She has 30 years’ experience in the insurance industry. Her CEO experience, underwriting background, international experience and operational skills, together with her knowledge of the Lloyd's market, make Inga the ideal Chief Executive for Lloyd's. I very much look forward to working with her.”

Responding to her appointment Inga Beale said: “Lloyd’s is already an international leader, but this unique market has an extraordinary opportunity to increase its footprint and to cement its position as the global hub for specialist insurance and reinsurance. I’m looking forward to working with the Lloyd’s team and the wider market to deliver a strategy for profitable and sustainable growth alongside Lloyd's robust market oversight.”