Lloyd’s Neal: Keeping a “weathered eye” on inflation, cat and costs in 2022
On the day Lloyd’s posted its first underwriting profit in five years, The Insurer TV’s Sophie Roberts sat down with Lloyd’s CEO John Neal to talk about the next steps in the market’s performance management drive around key risk areas, how Lloyd’s is putting climate at the heart of what it does, creating better investment opportunities and looking forward to the 2023 business planning process.
In this 10-minute interview, Neal focusses on:
- The necessity to keep inflation, cat risk and costs front of mind
- Lloyd’s role in climate action, specifically the Energy Transition Taskforce
- How to create greater capital flexibility within the marketplace
- His wariness of casualty classes which attach social inflation
This interview took place shortly before John suffered a nasty cycling accident. We wish him all the best for a speedy recovery and look forward to seeing him back at One Lime Street soon.