LLOYD’S SETS ETHNIC MINORITY TARGET FOR NEW HIRES

One-third of new hires across the Lloyd's market and the Corporation must be from an ethnic minority background. The targets unveiled by Lloyd's are part of its "long-term plan to support and develop ethnic minority talent" and come as Lloyd's revealed that presentation of ethnic minority people is 8% in the market and 22% in the Corporation. Lloyd's said the target relates to "all levels of our organisations, including our leadership, and not just focused on early careers". To improve its data set, Lloyd's said it will be mandating the collection of ethnicity data in 2021. The new targets came as Lloyd's published its 2021 culture dashboard, showing exactly how well it is making progress across key culture indicators.