United States Insurance Giant AIG Terminates Hiring of Lloyd’s CEO John Neal as AIG President of General Insurance (Supposedly 1/12/25) Over Investigation of Alleged Affair at Lloyd’s, John Neal AIG Annual Pay at $17 Million But Will Receive $2.7 Million for Contract Termination, John Neal 2016 Bonus was Reduced by $354,000 for Non-Disclosure of Relationship with Subordinate as CEO of QBE Insurance Group
22nd November | Hong Kong
United States insurance giant AIG has terminated the hiring of Lloyd’s CEO John Neal as AIG President of General Insurance (Supposedly 1/12/25) over investigation of his alleged affair at Lloyd’s. John Neal AIG annual pay would be at $17 million but will receive $2.7 million for contract termination. In 2016, John Neal had his 2016 bonus reduced by $354,000 for non-disclosure of relationship with a subordinate as CEO of QBE Insurance Group. John Neal had initially chose to join Aon as Global CEO of Reinsurance and Global Chairman of Climate Solutions (Announced in 2025 January), but switched to join AIG as President of General Insurance (Announced in 2025 July). John Neal – In September 2018, Lloyd’s announced the appointment of John Neal as Chief Executive Officer (CEO). He was previously Group CEO of QBE, a global insurance and reinsurance business with a significant Lloyd’s footprint. In this role, he was responsible for running a AUS$14 billion gross written premium (GWP) business with over 14,000 employees in 37 countries. John refocused QBE’s business around commercial and specialty lines, disposing of non-core portfolios and reducing costs by over AUS$350 million. Before becoming CEO, he held a number of roles at QBE including Chief Underwriting Officer and Chief Operations Officer of the firm’s European operations. Prior to this, he led a management buyout of Ensign to establish a dedicated Lloyd’s Managing Agency. As CEO of Ensign, he grew GWP to £150 million to create the leading specialist commercial motor underwriter in the UK. He also worked at Bankside Managing Agency, where he was the youngest active underwriter at Lloyd’s. He started his career at the Crowe Underwriting Agency, where over the course of a decade he grew UK GWP from £3 million to £100 million.
“ United States Insurance Giant AIG Terminates Hiring of Lloyd’s CEO John Neal as AIG President of General Insurance (Supposedly 1/12/25) Over Investigation of Alleged Affair at Lloyd’s, John Neal AIG Annual Pay at $17 Million But Will Receive $2.7 Million for Contract Termination, John Neal 2016 Bonus was Reduced by $354,000 for Non-Disclosure of Relationship with Subordinate as CEO of QBE Insurance Group “
![](https://www.caproasia.com/wp-content/uploads/2025/08/Air-Charter-Service-728x90-1.png")
United States Insurance Giant AIG Terminates Hiring of Lloyd’s CEO John Neal as AIG President of General Insurance (Supposedly 1/12/25) Over Investigation of Alleged Affair at Lloyd’s, John Neal AIG Annual Pay at $17 Million But Will Receive $2.7 Million for Contract Termination, John Neal 2016 Bonus was Reduced by $354,000 for Non-Disclosure of Relationship with Subordinate as CEO of QBE Insurance Group
Caproasia Users
- Manage $20 million to $30 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2026 Investment Day
- March - Hong Kong
- March - Singapore
- April - Hong Kong
- April - Singapore
- July - Hong Kong
- July - Singapore
- Sept- Hong Kong
- Sept - Singapore
- Oct- Hong Kong
- Nov - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit
