Lloyd&#039s | Common News Update

By John-Paul Ford Rojas, business reporter Insurance market Lloyd's of London has pledged to take action after a "distressing" report highlighting a culture of sexual harassment of women who work there.It said it would set up a confidential process for reporting inappropriate behaviour and impose sanctions including possible life bans for those found responsible. The pledge comes after a report by Bloomberg last week, drawing on the experiences of 18 women, described a deep-seated culture of sexual harassment at the centuries-old institution.It said this ranged from inappropriate comments to unwanted touching and assault.Lloyd's chief executive John Neal said: "It has been distressing to hear about the experiences of women in the Lloyd's market. ...

Media playback is unsupported on your device The Lloyd's of London chief says the government's plan for relations with the EU after Brexit will speed up the departure of firms from the UK.Inga Beale told the BBC the White Paper would see the 300-year old insurance market go "full speed ahead" to set up its subsidiary in Brussels - and spur others on as well. Service sector groups say the plan will affect employment and is a "real blow".However, non-services groups were more positive.Services, including banks, insurance companies and investment firms, make up 80% of the UK economy and are one of its most successful exports to the EU.The government wants UK financial services in future to adopt a beefed-up version of a system already used by cer...

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Lloyd's of London pledges action after sexual harassment report

Brexit services plan will speed up relocation, says Lloyd's boss