John Neal, chief executive officer of Lloyd’s of London, is set to leave the historic insurance market place for a new role overseeing Aon Plc’s climate solutions and reinsurance businesses.

CEO John Neal will leave in 2025 to join insurance broker Aon , the commercial insurance market said on Wednesday, as it faces pressure to speed up automation and improve conduct.

Lloyd’s CEO John Neal will step down later this year and move to Aon, where he will take up the dual role of CEO of global reinsurance and global chair of climate, Insurance Insider can reveal.

Neal’s departure from one of the City of London’s top jobs comes as Lloyd’s prepares for former Treasury civil servant Sir Charles Roxburgh to replace Bruce Carnegie-Brown as its chair in May. Neal was appointed to lead Lloyd’s in 2018.

Insurance market Lloyd's of London said on Wednesday that Chief Executive John Neal would leave in 2025 and join U.S. insurance broker Aon. Neal will become global chief executive of Aon's reinsurance business and global chairman of climate solutions,

Lloyd’s and Aon have confirmed the Corporation’s CEO John Neal will leave to become the broker’s global reinsurance CEO and global chairman of climate solutions. Insurance Insider revealed Neal’s exit in an exclusive earlier today. Neal has been Lloyd’s CEO for more than six years, having succeeded Inga Beale in 2018.