Global insurer AIG has announced that John Neal, former Chief Executive Officer (CEO) of the specialist Lloyd’s insurance and reinsurance marketplace, will no longer be joining the firm due to personal circumstances.
Back in January 2025, it was revealed that Neal, who served as CEO of Lloyd’s since October 2018, would be leaving the marketplace to join broking giant Aon as Global CEO of its reinsurance operation.
Months later, in July, it was reported that the executive would not be joining Aon and instead decided to take on the role of President of AIG, effective December 1st, 2025.
Today, AIG revealed that it has reached a mutual agreement with Neal that he will no longer be taking over as its new President, citing personal circumstances as the reason.
“AIG Chairman & CEO Peter Zaffino will continue to work with the Board on the future organizational structure of the Company to drive performance on behalf of its clients, partners, and stakeholders,” said the firm in a filing with the SEC.
The news comes soon after AIG reported a strong set of results for the third quarter of 2025, with its General Insurance arm delivering underwriting income of $793 million, an increase of 81% on the prior year’s quarter.
