By DAILY MAIL CITY & FINANCE REPORTER

Updated: 22:00 BST, 8 May 2025

Insurance marketplace Lloyd’s of London has appointed Patrick Tiernan as chief executive to replace John Neal.

Tiernan, 50, takes charge on June 1 after being chief of markets there for the past four years.

Lloyd’s traces its roots back to a 17th-century coffee house where merchants met to trade news.

Chairman Sir Charles Roxburgh said: ‘Patrick’s profound understanding of the market, coupled with his commercial acumen and industry expertise, will ensure Lloyd’s continues to focus on consistent and disciplined performance.’

Top job: Patrick Tiernan (pictured) takes charge at Lloyd’s of London on June 1 after being the insurance marketplace’s chief of markets for the last four years

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Insurance marketplace Lloyd’s of London appoints Patrick Tiernan as its new chief exec

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Read more at DailyMail.co.uk