Reinsurance News

Lloyd’s confirms inaugural members of Culture Advisory Group

11th February 2020 - Author: Luke Gallin

The specialist Lloyd’s of London insurance and reinsurance marketplace has today confirmed the membership of its Culture Advisory Group, established as part of the market’s comprehensive action plan to drive long-term culture change across the organisation.

Lloyd’sThe new, independent Culture Advisory Group will provide expert advice and robust challenge to ensure the marketplace is taking the right steps to effect sustainable and measurable change.

Last year, the Lloyd’s marketplace outlined a new plan of action to address reports of sexual harassment in the market and create a “safe and inclusive” working environment. The idea is to increase reporting, impose strong sanctions on inappropriate behaviour, and promote better understanding and awareness of issues across the marketplace.

In November, Lloyd’s announced the launch of its #SpeakUp campaign, designed to underline the importance of speaking up and to provide clear guidance on how people can take action if they either see or experience unacceptable behaviour in the market.

Now, as the market continues to evolve and looks to address some of the negative sentiment and challenges that have been reported in more recent times, Lloyd’s has confirmed a number of leading experts as members of the new culture group.

This includes former Virgin Money Chief Executive Officer (CEO) and CEO of Salesforce UKI, Dame Jayne-Anne Gadhia; psychologist and CEO of APS, John Amaechi; CEO of Mental Health UK, Brian Dow; and also Debbie Ramsay, a Director at GoodCorporation.

Members of the new group representing the Lloyd’s of London market include the CEO of the London Market Association, Shelia Cameron; the CEO of the London Market Group, Clare Lebecq; the CEO of the London and International Brokers’ Association, Christopher Croft; the CEO of the International Underwriting Association, Dave Matcham; and Dominic Christian, Chair of [email protected]’s.

The Culture Advisory Group will be chaired by Fiona Luck, a Lloyd’s board member and non-executive director responsible for talent and culture. The new group will be tasked with providing guidance and thought leadership to support the programme of actions to address the four key themes that emerged from the market’s culture survey findings. The four key themes identified are gender balance, speaking up, wellbeing, and leadership.

The group’s first meeting took place on January 30th, 2020 and regulator meetings will be held throughout the year.

Chair of the Culture Advisory Group, Luck, commented: “We are privileged to bring together such an accomplished group of experts and industry leaders. I believe that the combination of their insights and experience along with the strong commitment from our Senior Leadership Team at Lloyd’s will drive real cultural change.

“The Culture Advisory Group will help identify measurable outcomes, critically assess progress against these outcomes and play a pivotal role in creating the aspirational culture of integrity, respect and inclusion, across the Lloyd’s market.”

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