The former boss of Lloyd’s of London covered up a 'close' relationship with a female executive who was promoted on his watch.
In a report published on Wednesday, the insurance market said John Neal broke the rules by failing to disclose the nature of his friendship with ex-corporate affairs director Rebekah Clement.
An investigation found the pair were ‘sufficiently close during their employment at Lloyd’s that it could be viewed as creating a perceived conflict of interest’.
The probe concluded that Neal’s 'behaviour fell significantly below the standards expected of a Lloyd’s chief executive’.
However, Lloyd’s said its investigation ‘found no conclusive evidence that Mr Neal and Ms Clement were engaged in a romantic relationship during their employment at Lloyd’s’.
