With the worldwide uproar over the racial prejudices that have been taking place for centuries, British insurance market Lloyd’s of London has come forward to apologize for its role in the slave market and share a few of its initiatives going forward according to a written statement by the company.

“Over the last week we have listened carefully to our Black and Ethnic Minority colleagues in the Lloyd’s market.

Lloyd’s has announced a set of initiatives to help improve the experience of Black and Minority Ethnic talent in the Lloyd’s market:

1.

Invest in positive programmes to attract, retain and develop Black and Minority Ethnic talent in the Lloyd’s market, including launching our ‘Accelerate’ Programme—a modular programme to develop Ethnic Minority Future Leaders across the market.

We will educate our colleagues and continue our research into the experiences of Black and Ethnic Minority professionals working in insurance, and share what we learn with the market.