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    Diversity at Beazley: committing to the “Women in Finance Charter”

    Women in Finance Charter logo

    We believe a balanced and diverse workforce is good for business –good for our people, our customers and for profitability.

    Not only do we have a vision to make Beazley feel truly inclusive, with a great diversity of talent across all levels of our business, we also want to play our part in building a more balanced and fair insurance sector. All elements of diversity are important to us and we’re the first to recognise that there is always more that we can do.

    We are proud to be an HM Treasury’s “Women in Finance Charter” signatory. In 2017, we committed to ensuring that women would comprise of at least 35% of our senior management population by December 2020.

    We are pleased to have now met this original target and as, of 1st January 2020, 36% of people in our senior management category are female. We are now committing to reaching at least 45% female representation in senior management by 2023.

    Our Finance Director, Sally Lake, is responsible and accountable for gender diversity and inclusion at Beazley.

    By signing up, we have committed to the following four actions:

    Action Status
    Have one member of our senior executive team who is responsible and accountable for gender diversity and inclusion

    Our Finance Director, Sally Lake, is responsible and accountable for gender diversity and inclusion at Beazley.

    Set internal targets for gender diversity in our senior management

    Our target is for at least 35% of our senior leadership team to be female by 2020. At 1st January 2020, 36% are women.

    We expect each executive committee member to ensure there is an agreed level of gender diversity within the areas of the business for which he/she are responsible.

    Have an intention to ensure the pay of the senior executive team is linked to delivery against the internal targets on gender diversity

    The Chief Executive’s and the Finance Director’s variable pay is linked to the achievement of these milestones. Other members of the senior executive team have an objective based on the gender balance within their teams and this is linked to their annual performance assessment.

    Publish progress annually against these targets in reports on our website

    Our diversity and inclusion programmes are laid out in greater detail in our annual report which is available on our Investor Relations site.

    Sign up for Beazley updates