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It has been reported today (29 June) that Inga Beale is to be replaced as CEO of the Corporation of Lloyd’s.

Her departure has yet to be announced officially. It is speculated that she will depart by the end of the year.

The news follows that of John Parry, Lloyd’s CFO, who announced his resignation last month.

Bruce Carnegie-Brown, the Chairman of Lloyd’s, will be tasked with filling these two key vacancies.

Alpha comment: nominated by the previous Chairman John Nelson, Inga’s four and a half years as CEO have focused on modernising the market, in which she has made great strides. Her tenure, however, has not been without controversy and therefore it would not be surprising if the current Chairman, Bruce Carnegie-Brown, wanted to bring in his own chief executive. We wish her well for the future.