Lloyd’s announces members of Inclusive Futures Coalition for more inclusive market and society

Lloyd’s, the world’s leading marketplace for insurance and reinsurance, today announced the members of the Inclusive Futures Coalition: the collective of market firms and delivery partners 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, the Lloyd’s of London Foundation – in partnership with the Cowrie Scholarship Foundation and Black Heart Foundation – will provide bursaries for hundreds of Black and ethnically diverse students undertaking undergraduate degrees in disciplines aligned to risk and insurance. Applications will open in early summer 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 headhunter 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 will begin in June 2024.

These initiatives will be connected to a mentoring & sponsorship programme, launching in September and managed by Lloyd's, to connect bursary recipients and individuals from the early careers talent pool with sponsors from founding member firms. We will provide regular updates on these initiatives to show the impact they are having.