Inga Beale
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Dame Inga Kristine Beale, DBE (born 15 May 1963) is a British businesswoman and the former
CEO A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...
of
Lloyd's of London Lloyd's of London, generally known simply as Lloyd's, is an insurance and reinsurance market located in London, England. Unlike most of its competitors in the industry, it is not an insurance company; rather, Lloyd's is a corporate body gov ...
. 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.


Early life and education

Beale is the second child of an English father and a Norwegian mother. She studied economics and accounting at Newbury College,
Berkshire Berkshire ( ; in the 17th century sometimes spelt phonetically as Barkeshire; abbreviated Berks.) is a historic county in South East England. One of the home counties, Berkshire was recognised by Queen Elizabeth II as the Royal County of Berk ...
.


Career

Beale started her career in 1982 at
Prudential Assurance Company Prudential plc is a British multinational insurance company headquartered in London, England. It was founded in London in May 1848 to provide loans to professional and working people. Prudential has dual primary listings on the London Stock E ...
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. She took a year off in 1989, cycling in Australia and backpacking in Asia. 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 Zurich Insurance Group Ltd is a Swiss insurance company, headquartered in Zürich, and the country's largest insurer. As of 2021, the group is the world's 112th largest public company according to ''Forbes'' Global 2000s list, and in 2011 it ran ...
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. 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. Beale, who is
bisexual Bisexuality is a romantic or sexual attraction or behavior toward both males and females, or to more than one gender. It may also be defined to include romantic or sexual attraction to people regardless of their sex or gender identity, whi ...
, has been instrumental in the launch of Pride@Lloyds, an internal LGBT employee resource group, and has supported the LGBT Insurance Network. She helped start the international Insurance Supper Club for leading female executives. In 2015 Beale became the first woman and the first openly
bisexual Bisexuality is a romantic or sexual attraction or behavior toward both males and females, or to more than one gender. It may also be defined to include romantic or sexual attraction to people regardless of their sex or gender identity, whi ...
person to be named number one in the OUTstanding & FT Leading
LGBT ' is an initialism that stands for lesbian, gay, bisexual, and transgender. In use since the 1990s, the initialism, as well as some of its common variants, functions as an umbrella term for sexuality and gender identity. The LGBT term is a ...
executive power list. Beale is the Chair of the HIV Commission established by UK AIDS charities the Terrence Higgins Trust and National AIDS Trust. The year-long Commission will publish its recommendations in spring 2021. The UK Government has committed to end HIV transmission in the country by 2030 and will develop its action plan once it receives the HIV Commission’s report. Beale was appointed
Dame Commander of the Order of the British Empire The Most Excellent Order of the British Empire is a British order of chivalry, rewarding contributions to the arts and sciences, work with charitable and welfare organisations, and public service outside the civil service. It was established o ...
(DBE) in the
2017 New Year Honours The 2017 New Year Honours are appointments by some of the 16 Commonwealth realms to various orders and honours to recognise and reward good works by citizens of those countries. The New Year Honours were awarded as part of the New Year celebrati ...
for services to the economy.


Brexit

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 Brexit (; a portmanteau of "British exit") was the withdrawal of the United Kingdom (UK) from the European Union (EU) at 23:00 GMT on 31 January 2020 (00:00 1 February 2020 CET).The UK also left the European Atomic Energy Community (EAEC or ...
uncertainties as
Brexit negotiations Between 2017 and 2019, representatives of the United Kingdom and the European Union negotiated the terms for Brexit, the planned withdrawal of the UK from the EU. These negotiations arose following the decision of the Parliament of the United ...
enter a second phase to focus on a trade deal once the UK leaves the
European Union The European Union (EU) is a supranational political and economic union of member states that are located primarily in Europe. The union has a total area of and an estimated total population of about 447million. The EU has often been des ...
.


Personal life

Beale played competitive rugby for London's
Wasps A wasp is any insect of the narrow-waisted suborder Apocrita of the order Hymenoptera which is neither a bee nor an ant; this excludes the broad-waisted sawflies (Symphyta), which look somewhat like wasps, but are in a separate suborder. T ...
into her thirties, nearly making it to the international level. In 2013 she married Philippe Pfeiffer, a Swiss jewellery designer, and the couple live in
Spitalfields Spitalfields is a district in the East End of London and within the London Borough of Tower Hamlets. The area is formed around Commercial Street (on the A1202 London Inner Ring Road) and includes the locale around Brick Lane, Christ Church, ...
.


References


External links


Inga Beale
at Lloyd's {{DEFAULTSORT:Beale, Inga 1963 births Living people British chief executives British women business executives British businesspeople in insurance Insurance underwriters LGBT rights activists from England Bisexual women Dames Commander of the Order of the British Empire Date of birth missing (living people)