Market Announces Names Charged with Cultural Change

Lloyd’s has recruited a team of high profile business and cultural leaders as part of the committee tasked with solving its cultural and behavioural crisis.

The market has revealed the full membership of its independent Culture Advisory Group. The Group has been set up as part of a comprehensive action plan to drive long-term culture change in the Lloyd’s market. It comes after a series of media reports which have highlighted poor behaviour, harassment and a drinking culture within the market. It will be charged with providing “expert advice and robust challenge to help ensure that Lloyd’s is taking the right actions to effect sustainable and measurable change”.

As yet Lloyd’s has not outlined the system they will implement to identify what measurable change will look like.

Its said the Group’s external members are all experts with experience of successful cultural transformation including John Amaechi, psychologist and CEO of APS, Brian Dow, CEO of Mental Health UK,Dame Jayne-Anne Gadhia, CEO of Salesforce UKI and Debbie Ramsay, Director at GoodCorporation.

Members of the Group representing the Lloyd’s market include Sheila Cameron, Chief Executive of the London Market Association, London Market Group CEO, Clare Lebecq, London and International Brokers’ Association CEO Christopher Croft, International Underwriting Association CEO Dave Matcham, and Inclusion@Lloyd’s Chair, Dominic Christian.

The Group will be chaired by Fiona Luck, (pic) Lloyd’s board member and non-executive director responsible for talent and culture, who said: “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.”