Established in 1689, Lloyd’s of London is a marketplace housing different insurers that sell policies in the UK and around the world. Lloyd’s received more than £50 billion worth of premiums in 2024 alone.

All of this is overseen by Chief Executive Officer John Neal, who’s been in the insurance industry for more than four decades. In this episode of In the City, Neal sits down with hosts Francine Lacqua, David Merritt and Allegra Stratton to discuss the difficulties of using artificial intelligence in the insurance industry, how climate change is impacting premiums and the way in which governments can use insurance policies to protect their economies.