Lloyd’s reveals details of Inclusive Futures Coalition

Lloyd’s has unveiled the members of the Inclusive Futures Coalition, who are behind the Inclusive Futures programme of initiatives launched in November 2023.

Inclusive Futures targets meaningful, lasting change by enabling Black and ethnically diverse individuals to participate and progress from the classroom to the boardroom. The initiatives were designed based on the feedback of over 250 black and ethnically diverse Lloyd’s market colleagues, alongside experts from the fields of finance, academia, and D&I.

The Coalition consists of eight market firms: Arch, AXA XL, Beazley, Chubb, Hiscox, Howden, MS Amlin, and Tokio Marine Kiln; and three delivery partners: Equity, Green Park, and the Lloyd’s of London Foundation.

The Coalition will fund and enable Inclusive Futures’ three flagship initiatives:

• Higher education bursaries: Starting in September 2024, the Lloyd’s of London Foundation – in partnership with the Cowrie Foundation and Black Heart Foundation – will provide bursaries for hundreds of Black and ethnically diverse students undertaking degrees in disciplines aligned to risk and insurance. Applications will open in early summer 2024 via lloyds.com.

• Early careers talent pool: The Coalition will work with market diversity firm Equity to create a talent pool of top-quality early careers and entry-level talent from Black and ethnically diverse backgrounds. These individuals will have undertaken pre-assessment, Lloyd's market familiarisation and assessment, and interview coaching.

• Board talent pool: Run by specialist headhunters and talent advisory firm Green Park, the talent pool for Board-level candidates will map and equip Black and ethnically diverse candidates to be ready for executive and ‘executive minus one’ roles in the market. Founding partners of the Coalition will have priority access to these candidates alongside executive search consultancy services. Market mapping around five areas of Board succession began in June 2024.

These initiatives will be connected to a mentoring and sponsorship programme, launching in September 2024 and managed by Lloyd's, to connect bursary recipients and individuals from the early careers talent pool with sponsors from founding member firms. 

Bruce Carnegie-Brown, Chairman of Lloyd’s, said: “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 the programme to deliver lasting change.”

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