Dame Inga Beale was, until recently, the (first) CEO of Lloyd’s of London – the 330-year-old insurance and reinsurance market. With over three decades of global experience in financial services she was awarded a damehood in 2017 for services to the UK economy and for her contributions to driving the inclusion agenda for women and the LGBT community. She is also a workplace equality advocate.
During Dame Inga’s five-year tenure at Lloyd’s, from 2014-2018, she modernised the insurance market with the introduction of technology and, through various other initiatives, challenged the traditional “old boys club” culture to make it a much more inclusive environment for all.
As a bisexual woman, Inga was instrumental in the launch of Pride@Lloyds, an internal LGBT employee resource group, and has supported the LGBT Insurance Network. She also helped start the international Insurance Supper Club for leading female executives.
Having studied economics and accounting at Newbury College, Berkshire, Inga Beale began her career at the Prudential Assurance Company in 1982 training as an underwriter and 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.
Prior to joining Lloyd’s as the Chief Executive Officer in 2014, she was Group Chief Executive Officer at Canopius, a prominent Lloyd’s managing agent, from 2012 – 2013. Inga joined Zurich Insurance Group in 2008 as a member of the Group Management Board in Zurich with responsibility for Mergers & Acquisitions, Organisational Transformation and Internal Consulting, before becoming Global Chief Underwriting Officer in 2009.
In 2006, Inga was appointed Group Chief Executive Officer of Converium in Switzerland (now part of the SCOR Group) after 14 years at GE Insurance Solutions. Inga Beale held various underwriting management roles at GE and gaining experience across London, the US, and France, before becoming President of GE Frankona and Head of Continental Europe, Middle East and Africa for GE Insurance Solutions based in Germany.
In 2015, she became the first woman and the first openly bisexual person to be named number one in the OUTstanding & FT Leading LGBT executive power list. Inga is also is the Chair of the HIV Commission established by UK AIDS charities the Terrence Higgins Trust and National AIDS Trust.
She is currently a member of the London First Board, and on the London Mayor’s Business Advisory Board. Her philanthropic interests include being a member of the Pitt Rivers Museum Advisory Board at Oxford University, and Patron of Insuring Women’s Futures, a not-for-profit aimed at improving women’s lifelong financial resilience.