Inga Beale on Lloyd’s exec team: "All the women I hired have now left"

Former CEO recommends legal quota

Inga Beale on Lloyd’s exec team: "All the women I hired have now left"

Insurance News

By Terry Gangcuangco

It’s been a year since the reign of Dame Inga Beale (pictured) as the first and only female chief executive of the world’s specialist insurance market Lloyd’s of London ended, and it doesn’t sound like she’s happy with how things have unfolded following her departure.

“I changed the executive committee to 50/50 gender-balanced,” the Financial Times cited the former CEO as saying during the FT’s recent Women at the Top conference in London. “All the women I hired have now left.”

The diversity and inclusion advocate, who earlier this month also spoke at the Insurance Business UK Women in Insurance Summit, described herself as “quite extreme” when it comes to the subject and asserted “we’ve just got to do something.”

During last week’s FT event, Beale revealed that junior women underwriters at Lloyd’s were being referred to as “box bitches” or “box bunnies.”     

Meanwhile, according to the Financial Times, the London First board member as well as Deutsche Bank’s UK and Ireland chief executive Tiina Lee are pushing for legal quotas for boardroom representation in British firms.

Related Stories

Keep up with the latest news and events

Join our mailing list, it’s free!