Nevertheless, the firm was accused of ‘reparations washing’ and a ‘PR’ exercise by campaigners.
Lloyd’s of London is to invest £52 million into racial equality causes after a report found it played a “significant role” in the transatlantic slave trade.
Researchers examined documents from the marketplace’s archives, which included ledgers showing insurers providing policies for ships leaving Liverpool as part of the transatlantic slave trade. Lloyd’s said it will now invest £40 million into communities and regions affected by the slave trade. Bruce Carnegie-Brown, chairman of Lloyd’s, said: “We’re deeply sorry for this period of our history and the enormous suffering caused to individuals and communities both then and today.
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