Executive Sponsorship

Inspiring best practice from the industry’s executives

Inspiring best practice from executive leadership

Support from the top is imperative to achieving inclusive workplaces in our industry. The below developments are just a few of the many stories showing the positive impact that executive sponsorship in inclusion initiatives has. Support from leaders accelerates change and sends out a strong cultural signal to the organisation that inclusion is an important piece of the business case and the bottom line.

About Inclusion@Lloyd’s

Inclusion@Lloyd’s (I@L) is the steering group for diversity and inclusion strategy, governance and best practice in the Lloyd’s market. Made up of c-suite executives from 15 organisations, its mission is to champion and facilitate awareness and adoption of diversity and inclusion best practice to attract and retain the best talent.

A diverse market and inclusive culture is one that can better tackle increasingly complex risks such as cyber-crime and natural disasters, strengthening the role of Lloyd’s in the global marketplace.

Over the past four years, I@L has observed that executive sponsorship of D&I initiatives remains paramount, particularly in reaching time-poor middle managers, one of the hardest demographics of employees to engage.

About The London Market Group (LMG)

The London Market Group (LMG) is a market-wide body, bringing together the specialist commercial (re)insurance broking and underwriting communities in London. It is supported by the International Underwriting Association of London (IUA), Lloyd’s of London, the Lloyd’s Market Association (LMA) and the London & International Insurance Brokers’ Association (LIIBA).

The London market is comprised of over 350 insurance carriers, brokers and affiliated professional services; it employs over 52,000 people and controls more than $91 billion of gross written premium. The LMG speaks collectively for market practitioners on growth and modernisation issues, and its aim is to build on London’s position and reputation as the global centre of insurance excellence.

The LMG has produced its own “London Matters” report, published in November 2014 and refreshed in 2017, which identifies the key challenges and proposes steps to overcome them. From these reports, four interdependent workstreams have been established, notably building a diverse and dynamic workforce and creating an environment for innovation. The LMG is working to uphold these pillars in order to make the London market more attractive, responsive and competitive to clients.