London — Lloyd’s of London has promised strong action over sexual harassment after the centuries-old insurance market faced damaging allegations from female staff. New CEO John Neal said on Wednesday Lloyd’s was determined to tackle all forms of inappropriate behaviour. Neal’s comments, contained in a statement showing that Lloyd’s halved pre-tax losses in 2018, came one day after it unveiled “a robust plan of action to address reports of sexual harassment in the Lloyd’s market and create a safe and inclusive working environment”. Bloomberg Businessweek reported last week on “a deep-seated culture of sexual misconduct” at Lloyd’s after hearing the experiences of 18 women alleging sexual harassment — and as the #MeToo movement against such misconduct continues to reverberate across the world. In response, Lloyd’s promised a series of measures, including the “provision of an independently managed, confidential and market-wide access point for reporting inappropriate behaviour”. It wou...

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