Nearly 500 Lloyd’s of London workers report sexual harassment September 24, 2019 Almost 500 employees at Lloyd’s of London have suffered or witnessed sexual harassment over the past 12 months, according to a damning survey released today. Lloyd’s CEO John Neal described the findings as “truly terrible” as the survey, carried out by the Banking Standards Board on behalf of the insurer, found “the experience of women [...]
Lloyd’s of London braces itself for culture survey findings after months of pressure September 23, 2019 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. [...]
Insurance industry wrestles with diversity deficit September 23, 2019 It is fair to say the insurance industry has not had the best year reputation-wise. In March an explosive Bloomberg story lifted the lid on a culture of drinking and sexual harassment at Lloyd’s of London – the beating heart of the UK’s insurance industry. Tomorrow, Lloyd’s chief executive John Neal will unveil a report [...]
‘Sobering and devastating’: Lloyd’s of London bosses speak out on sexual misconduct claims September 18, 2019 Top bosses at Lloyd’s of London have expressed deep regret over a swathe of sexual misconduct allegations that have blighted the historic insurance market’s reputation. The chairman and chief executive of Lloyd’s both said this morning that revelations of sexual harassment and assault against women at the firm had been devastating. Chairman Bruce Carnegie-Brown told [...]
Lloyd’s of London profits rise to £2.3bn September 18, 2019 Lloyd’s of London has reported pre-tax profits of £2.3bn for the first six months of 2019. The historic insurance market’s profits before tax climbed from £600m in the previous year, with boss John Neal citing “increased discipline” for the rise. Neal said: “It is encouraging that the Lloyd’s market is showing increased discipline in 2019 [...]
Speaker pledges to step down on another dramatic day in Westminster September 9, 2019 Speaker John Bercow has confirmed he will stand down as early as tonight, and had a message for those working in Westminster: “We degrade parliament at our own peril”. Intervening in what promises to be a busy afternoon and evening, Bercow told MPs that he would stand down on Monday night if MPs backed Boris [...]
When business partners behave badly: How to rein in a shady coworker September 2, 2019 In the wake of the #MeToo movement, there has been a great deal of focus on how to tackle the toxic work culture that exists in some industries and businesses. Many companies have been pushing for cultural change, motivated by the desire to create inclusive work environments, and limit the reputational and financial damage that [...]
Baker Mckenzie boosts revenue and profit despite testing year August 29, 2019 Global legal giant Baker Mckenzie said today its revenue grew 1.2 per cent to $2.92bn (£2.39bn) in the last financial year. Baker Mckenzie has suffered a tough year with the shock death of global managing partner and former London chief Paul Rawlinson in April. Read more: Law firm Baker McKenzie confirms death of global chair [...]
Lloyd’s of London ramps up modernisation drive as it hits electronic trading target August 12, 2019 It is one of the oldest institutions in the City, but there are signs of modernisation at Lloyd’s of London. The historic specialist insurance market has hit a milestone after completing over 50 per cent of its under-writing deals electronically, meeting a target it set itself for the second quarter of this year. For more [...]
Former Baker McKenzie London head Gary Senior to face prosecution for alleged sexual harassment July 30, 2019 The former head of global legal giant Baker McKenzie’s London office is facing prosecution for alleged sexual harassment, the Solicitors Regulation Authority (SRA) said today. Gary Senior, who left the firm last year, has been referred to the Solicitors Disciplinary Tribunal (SDT) to face allegations he “behaved in an inappropriate manner towards Person A”. In [...]