Atrium fined over £1m by Lloyd’s for discrimination, bullying and harassment failings
The fine is the largest ever handed down by the Lloyd’s Enforcement Board as it listed charges including an annual “Boys Night Out” that featured initiation games, heavy drinking and making inappropriate and sexualised comments about female colleagues.
Atrium Underwriters has been fined £1.05m, ordered to pay costs of over £562,000 and been publicly censured by the Lloyd’s Enforcement Board for non-financial staff misconduct and the way in which it responded to allegations.
Lloyd’s detailed the failures happened over a number of years and “precipitated a culture which tolerated instances of unacceptable conduct involving discrimination, harassment and bullying”.
Atrium has accepted the three charges.
Lloyd’s detailed that the general
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