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Think geopolitics is risky now? Insurance guru John Neal says just wait

A slew of huge elections in 2024 is heightening risks for corporates, according to former QBE and current Lloyd’s of London boss John Neal.  

A world drowning in uncertainty is good news for John Neal, the insurance veteran who ran ASX-listed giant QBE and now helms industry icon Lloyd’s of London.

“It’s a great time to be an insurer,” he tells Chanticleer. “Because if we live in a world that’s riskier and more uncertain, then insurance comes to the fore. Rather than the insurance being an expense, it suddenly becomes a way to protect your revenue, your profit and loss statement, your balance sheet.”

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com

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    Original URL: https://www.afr.com/link/follow-20180101-p5eeec