Inga Beale to leave Lloyd’s in 2019

Lloyd’s has issued a statement saying that Dame Inga Beale, chief executive officer of the organisation, will step down next year after leading the insurance and reinsurance marketplace for five years.

Beale joined Lloyd’s in January 2014. Since then, her commitment to transformation across the market, and within the Corporation, has led to significant cultural change and the adoption of new technology that has accelerated the market’s modernisation and digitalisation, the press release stated.

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, said: “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.”

Beale’s leaving date will be confirmed in due course.