City firm Lloyd’s of London has said it is “deeply sorry” for its links to the slave trade.
An independent report found the 335-year-old insurance market had played a “significant role” in enabling the transatlantic trade.
Lloyd’s said it was committed to tackling inequality and will invest £40m in helping impacted communities.
Lloyd’s said it was committed to tackling inequality and will invest £40m in helping impacted communities.
After protests swept across the world in 2020 following the death of George Floyd, an unarmed black man who died in police custody in the US, pressure mounted on companies to address links to slavery and tackle racial inequality.
At the time, Lloyd’s apologised for its historical links to the slave trade and commissioned the independent report.
It said it had no editorial control over the review, which was conducted by academics at Johns Hopkins University in Baltimore and independently funded by the Mellon Foundation.
Alexandre White, one of professors behind the study, examined material from the Lloyd’s archive, including ledgers for insurance for ships leaving Liverpool as part of the slave trade.
He said it made clear that Lloyd’s formed part of “a sophisticated network of financial interests and activities” which made the transatlantic slave trade possible.
City firm Lloyd’s of London has said it is “deeply sorry” for its links to the slave trade.
Lloyd’s said it was committed to tackling inequality and will invest £40m in helping impacted communities.
An independent report found the 335-year-old insurance market had played a “significant role” in enabling the transatlantic trade.
After protests swept across the world in 2020 following the death of George Floyd, an unarmed black man who died in police custody in the US, pressure mounted on companies to address links to slavery and tackle racial inequality.
Lloyd’s said it was committed to tackling inequality and will invest £40m in helping impacted communities.
Lloyd’s said it was committed to tackling inequality and will invest £40m in helping impacted communities.
After protests swept across the world in 2020 following the death of George Floyd, an unarmed black man who died in police custody in the US, pressure mounted on companies to address links to slavery and tackle racial inequality.
At the time, Lloyd’s apologised for its historical links to the slave trade and commissioned the independent report.
It said it had no editorial control over the review, which was conducted by academics at Johns Hopkins University in Baltimore and independently funded by the Mellon Foundation.
Alexandre White, one of professors behind the study, examined material from the Lloyd’s archive, including ledgers for insurance for ships leaving Liverpool as part of the slave trade.
He said it made clear that Lloyd’s formed part of “a sophisticated network of financial interests and activities” which made the transatlantic slave trade possible.
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