London, Monday 16 Dec 2013 – The Council of Lloyd’s is pleased to announce that it has appointed Inga Beale to the position of Chief Executive to succeed Richard Ward (source: Lloyd’s of London)
Inga comes to Lloyd’s with three decades of international insurance and reinsurance experience.
Most recently, she has been Group Chief Executive of Canopius, the prominent Lloyd’s managing agent. Prior to that, she spent four years with Zurich Insurance, including a period as Global Chief Underwriting Officer, and was Group CEO of Converium Ltd, the Swiss mid-sized independent reinsurance company. While at Converium, she led a major turnaround of the business before it was acquired by SCOR in 2007. Inga started her career as an underwriter with Prudential before spending 14 years in a variety of international roles for GE Insurance Solutions.
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.”
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.”
Inga will take up her position in January 2014.
1. This appointment was made following an extensive global search conducted by Lloyd’s with the support of Odgers Berndtson
2. This appointment has been approved by the UK Regulatory Authorities
Inga Beale career summary
January 2012 to date: Canopius Group Ltd, London, UK
Group Chief Executive Officer
2008 – 2011: Zurich Insurance Company Ltd, Zurich, Switzerland
June 2009 – Nov 2011: Global Chief Underwriting Officer
Jan 2008 – May 2009: Head of M&A, Organisational Transformational and Internal Consulting
2006 – 2007: Converium Ltd, Zurich, Switzerland
Group Chief Executive Officer
1992 – 2006: GE Insurance Solutions / GE Frankona Re
Oct 2004 – Jan 2006: Continental Europe CEO, Munich, Germany
July 2003 – Oct 2004: Continental Europe Manager, Paris, France
Oct 2001 – July 2003: Global Underwriting Leader, Kansas City, USA
May 2000 – Oct 2001: Underwriting Manager, London, UK
April 1999 – May 2000: Marketing & Six Sigma Leader, London, UK
March 1996 – April 1999: Underwriting Manager – Property Treaty, London, UK
March 1995 – March 1996: Head of Underwriting – UK Treaty, London, UK
May 1992 – March 1995: Underwriter – Reinsurance Treaty, London, UK
1982 – 1992: Prudential Assurance Company Ltd, London, UK
Underwriter – Reinsurance Treaty
About Lloyd’s
Lloyd’s is the world’s specialist insurance market and occupies fifth place in terms of global reinsurance premium income, and is the largest surplus lines insurer in the US. In 2013, 89 syndicates are underwriting insurance at Lloyd’s, covering all classes of business from more than 200 countries and territories worldwide. Lloyd’s is authorised under the Financial Services and Markets Act 2000 and regulated by the Financial Conduct Authority and Prudential Regulation Authority.
