This statement is made on behalf of Beazley plc and all subsidiaries within the Beazley group, pursuant to section 54(1) of the Modern Slavery Act (‘The Act’). Beazley plc’s Board approved this statement on 05 May 2022.
Beazley plc is the parent company of our global specialist insurance business, listed on the London Stock Exchange, with operations in Europe, the US, Canada, Latin America and Asia, employing over 1,600 staff worldwide.
We are committed to respecting human rights and tackling modern slavery and human trafficking risks in both our supply chains and any part of our business. It is our policy to offer equal treatment to employees, and prospective employees, ensuring that all are treated fairly and with dignity and respect.
We strive to be a responsible business; from our environmental efforts, being ethical in our approach to how we do business, our charitable partnerships, supporting our communities and employee fundraising efforts. Our vision is to use our expertise, influence and passion as a force for good in our local communities and the wider world. We have a responsible business committee that works to uphold our values in this area and this approach is embedded in our culture and policies.
We are an accredited Living Wage employer by the Living Wage Foundation and are committed to fairly remunerating our employees and all third-party staff operating on our behalf.
As a specialist provider of insurance and reinsurance, our supply chains are not ones that would normally be associated with slavery or forced labour.
That said, we place an expectation on all our suppliers to comply with local laws and regulations. In addition:
As a responsible business, we hold ourselves to the highest standards of ethical conduct. We operate a number of group-wide policies that enable us to identify and mitigate the risk of modern slavery and human trafficking. These include:
We encourage employees to raise any concern of wrongdoing, including concern related to modern slavery and human trafficking, without fear of reprisal or victimisation. Our whistleblowing policy provides employees with various means by which they can confidentially raise concerns. This includes escalation to senior management, our Whistleblowing Champion or directly to an applicable financial regulator.
During the past year, we have continued to train our employees on our responsibilities and approach to modern slavery. We will continue to ensure that key persons in our business remain aware of our commitment to The Act.
Throughout the past year we have sought to address the priorities outlined in our 2021 statement and will be introducing the following measures throughout 2022 to help improve our efforts in tackling modern slavery:
Our priorities for 2022/23
We are always looking to make improvements in our approach to tackling modern slavery within our organisation and in our supply chain. As such, we have identified a number of areas that we will address over the coming year:
For the purposes of this statement, ‘Beazley plc’ includes, but is not limited to, the following entities:
Beazley Management Ltd, Beazley Underwriting Ltd, Beazley Leviathan Ltd, Beazley Furlonge Ltd, Beazley Investments Ltd, Beazley Solutions Limited and Beazley Staff Underwriting Ltd.
Chief Executive Officer