Lloyd’s has teamed up with eight insurers and three delivery partners in the Inclusive Futures Coalition to help ethnically diverse individuals progress in the industry.
The coalition includes market firms Arch, AXA XL, Beazley, Chubb, Hiscox, Howden, MS Amlin, and Tokio Marine Kiln, as well as delivery partners Equity, Green Park, and the Lloyd’s of London Foundation.
In November 2023, Lloyds launched the Inclusive Futures programme, which will fund and enable higher education bursaries, an early career talent pool, and a board talent pool. These initiatives were designed based on the feedback of over 250 black and ethnically diverse Lloyd’s colleagues, alongside experts from the fields of finance, academia, and diversity and inclusion.
Bruce Carnegie-Brown, chairman of Lloyd’s, remarks: “Lloyd's launched Inclusive Futures to make our market and society more inclusive. We are now expanding our ambition for what we can achieve by launching the Inclusive Futures Coalition, harnessing the capabilities of our market and delivery partners to increase the impact of Inclusive Futures in delivering lasting change.”
Hugh Sturgess, CEO of Arch Insurance International, notes: “We are proud to be part of this pioneering initiative to attract, retain, and develop diverse talent in our industry.
“Creating more opportunities for people from diverse backgrounds benefits everyone, as it brings together individuals with varied experiences and backgrounds to spark new ideas, improve decision-making, and ensure we are drawing from the widest talent pools.”
