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Genius — OpenServe

Lloyd's Finds Ex-CEO Neal Breached Compliance — Jul 22, 2026Lloyd’s of London ruled that former CEO John Neal breached compliance rules by failing to disclose a close relationship with a former corporate affairs director, creating a perceived conflict of interest that the council deemed significant. The findings also highlighted failures in handling whistleblower reports and noted reputational damage to Lloyd’s and the insurance market, with leadership accountability under scrutiny.

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EQT agrees $2 billion McGill majority stake deal — Sep 4, 2026Private equity firm EQT X has agreed to acquire a majority stake in McGill and Partners from Warburg Pincus for about $2 billion, with Warburg Pincus selling entirely and management reinvesting while Steve McGill remains CEO and John Lloyd stays involved. The London-based broker, employing 600+ staff across seven countries and generating over $250 million in revenue, will use the deal to accelerate global expansion, invest in technology and data, and offer an equity participation plan to staff as part of its growth strategy.

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Priya Raman $2 billion for a broker with 600 staff shows how hot the specialty insurance space still is right now.