Blog: When does ‘banter’ become harassment?

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Louise Lawrence and Leah Caprani of Winckworth Sherwood LLP examine how insurance firms can ensure they provide a safe working environment.

The Prudential Regulation Authority has written to insurance firms nationwide to express its “deep concerns” regarding the pervasive culture of sexual harassment and bullying within the industry.

The letter follows an independent Banking Standards Board survey commissioned by Lloyd’s of London to ascertain the scale of the “deep-seated culture of sexual harassment” within the insurance market.

The survey, open to 45,000 employees across 200 insurance companies within the London Market, found

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Broking profits fall at Saga

Underlying profit before tax in Saga’s insurance broking arm fell to £39.8m for the year ended 31 January 2024, compared with £71.5m in the previous period.

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