Lloyd’s of London, one of the biggest single market places for marine insurance and reinsurance, says it has achieved its short-term target of 35% of leadership positions held by women.

In figures released ahead of International Women’s Day, Lloyd’s management said it had seen more women employed in executive boards and committees.

Its figures also show 21% of new hires in the past year had come from an “ethnically diverse background”.

Lloyd’s cited an increase of in wider inclusivity policies and practices, such as menopause support and drugs and alcohol policies.

Lloyd’s said 2% of employees had disclosed a disability, long-term illness or health problem, unchanged for three years, and 2% of employees disclosed they are LGB+, consistent for the past three years.

“Today’s update shows the steps we’ve taken to improve the culture in our market, from our oversight framework, to our upskilling programme and our public targets, are working,” Lloyd’s chief people officer Sara Gomez said.

“We will continue to support the market so that Lloyd’s is a destination of choice for global talent, and attracts the best and brightest minds, wherever they come from,” she added.

Chief executive John Neal has been attempting to modernise the business culture at Lloyd’s after it attracted some negative headlines.

In 2020 Lloyd’s came under fire from the Black Lives Matter movement for its historic role in the slave trade.

It has also come under scrutiny for its business culture.

In 2022 Lloyd’s fined Atrium Underwriters more than £1m ($1.2m) due to “serious failures” by the firm, over discrimination, harassment and bullying over a number of years.

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