Blog

At Lloyd’s we’re deeply committed to our ongoing efforts to drive cultural change across the market so that everyone is valued and welcome. A diverse market and inclusive culture is essential to its long-term viability and we’re determined to create a market that attracts and develops the best talent.

In 2020, as part of a programme of work looking to improve culture across Lloyd’s, we set a target for the market to reach 35% of women in leadership positions by December 2023. We’re pleased to see progress is being made, with the latest data from our fourth market policies and practices return showing the market reaching 32% women in leadership as at 31 December 2022; a +2pp increase from the previous year, and putting our target in reach with continued action. Leadership includes Boards, Executive Committees and direct reports of the Executive Committee.

We’ve seen firms working hard to attract, develop, promote and retain female and diverse talent by introducing inclusive recruitment practices such as diverse slate policies, utilising development programmes to enhance their talent pipeline, monitoring and reporting diversity data, improving family policies and giving more visibility to culture, diversity and inclusion at an Executive and Board level.

It’s right to recognise the firms who have met or exceeded the 35% women in leadership target, with a number of these firms setting their ambition higher and reaching gender balance in leadership. Below are the firms who are leading the market for women in leadership positions and agreed to share their results.

Of course, we know there is more to do and we’re continuing to work with market firms to monitor progress and offer support to sustain this improvement. We expect to see more organisations exceeding this target as the actions being taken to expand the diversity of the talent pool and build inclusive workplaces bear fruit.