Inga Beale

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Dame Inga Kristine Beale, born 15 May, 1963, is a British businesswoman and the CEO of Lloyd's of London. In June 2018, it was announced that she would be stepping down as CEO of Lloyd's after leading the global insurance and reinsurance market for five years, embedding modernisation and cultural change during her tenure[1].

Early life and education[edit]

Beale is the second child of an English father and a Norwegian mother. She studied economics and accounting at Newbury College, Berkshire.[2]

Career[edit]

Beale started her career in 1982 at Prudential Assurance Company in London. She trained as an underwriter, specialising in international treaty reinsurance. The industry was composed predominantly of men at the time; she once took issue with posters in the office depicting half-naked women, only to have her colleagues plaster them across her computer and chair.[2]

She took a year off in 1989, cycling in Australia and backpacking in Asia.[2][3] She left Prudential in 1992 to work as an underwriter in General Electric's insurance division. She joined GE's management in Kansas in 2001. She continued on with GE Insurance Solutions until 2006, taking leadership roles in Paris and Munich. Beale then headed Swiss reinsurer Converium, turning the company around. In 2008, she joined Zurich Insurance Group as a member of their Group Management Board. The following year she was named the group's Global Chief Underwriting Officer. From 2012-13, she was the Group CEO at the privately held Lloyd's insurer Canopius.[2]

Beale was announced as the new CEO of Lloyd's of London in December 2013, replacing Richard Ward. She is Lloyd's first female CEO in the insurance market's 328-year history.[4]

Beale who is bisexual has been instrumental in the launch of Pride@Lloyds, an internal LGBT employee resource group, and has supported the LGBT Insurance Network.[5]

She helped start the international Insurance Supper Club for leading female executives.[2] In 2015 Beale became the first woman and the first openly bisexual person to be named number one in the OUTstanding & FT Leading LGBT executive power list.[6]

Beale was appointed Dame Commander of the Order of the British Empire (DBE) in the 2017 New Year Honours for services to the economy.[7]

Brexit[edit]

Beale was an active advocate for the need for a settled business operating environment within the UK. At the World Economic Forum in 2018, Beale expressed concerns over the impact on business of remaining Brexit uncertainties as Brexit negotiations enter a second phase to focus on a trade deal once the UK leaves the European Union.[8]

Personal life[edit]

Beale played competitive rugby for London's Wasps into her thirties, nearly making it to the international level.[2] In 2013 she married Philippe Pfeiffer, a Swiss jewellery designer, and the couple live in Spitalfields.[9]

References[edit]

  1. ^ "Lloyd's CEO Inga Beale to leave in 2019 - Lloyd's - The world's specialist insurance market. Also known as Lloyd's of London; is a market where members join together as syndicates to insure risks". lloyds.com. Retrieved 29 August 2018.
  2. ^ a b c d e f Gray, Alistair (20 December 2013). "Inga Beale, the steely trailblazer shaking up a masculine bastion". Financial Times.
  3. ^ Kolesnikov-Jessop, Sonia (21 June 2015). "Developing the Confidence to Move Up". The New York Times.
  4. ^ Armitstead, Louise (16 December 2013). "Lloyd's of London appoints Inga Beale as first female chief executive in 325 years". The Telegraph.
  5. ^ "2015 Leading 100 LGBT Executives". out-standing.org. 20 October 2015. Retrieved 1 January 2017.
  6. ^ Julia Kollewe (20 October 2015). "Lloyd's of London boss is first woman to top LGBT power list". The Guardian. Retrieved 1 January 2017.
  7. ^ "No. 61803". The London Gazette (Supplement). 31 December 2016. p. N8.
  8. ^ "Lloyd's Inga Beale cites concern over Brexit uncertainties at the WEF - Reinsurance News". ReinsuranceNe.ws. 2018-01-29. Retrieved 21 February 2018.
  9. ^ Susannah Butter. "Lloyd's CEO Inga Beale on coming out as bisexual in a job interview". London Evening Standard. Retrieved 20 April 2016.

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