Lloyd’s of London braces itself for culture survey findings after months of pressure
Lloyd’s of London is set to reveal the outcome of a sweeping company poll tomorrow following months of scrutiny over devastating misconduct allegations.
The historic marketplace is hoping to turn a new leaf when it releases the results of a ‘culture survey’ alongside actions it will vow to take in the wake of recent criticisms.
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A string of allegations involving daytime drinking and sexual harassment have blighted the 331-year-old specialist marketplace, which has been viewed as one of the City’s last bastions of boozy culture.
Lloyd’s chairman Bruce Carnegie-Brown recently told City A.M. that he expected the findings of the Lloyd’s survey to be “sobering”.
The survey is open to the 45,000 employees who work at the insurance market in EC3, which includes 800 direct staff at Lloyd’s as well as thousands of brokers who work for other insurance companies.
Last week the group’s chief people officer, Annette Andrews, stepped down, marking the third senior female departure in the last two years.
The insurance giant launched the unprecedented survey after Bloomberg reported allegations of harassment at the company in March.
Lloyd’s has since pledged crack down on workers drinking alcohol during the day, saying its on-site bar would be turned into a coffee shop and anyone under the influence of drink or drugs would be barred from the building.
Read more: Lloyd’s bosses ‘devastated’ following sexual harassment allegations
John Neal, who took over as Lloyd’s boss last year, has vowed to stamp out “inappropriate behaviour”.
Last week, as the firm reported one of its best financial performances of the last five years, Neal told the BBC that he was “devastated” by reports of sexual harassment and assault.