The Lloyd's of London insurance market apologized for its role in the 18th and 19th Century Atlantic slave trade and has agreed to fund charities promoting opportunities for black and ethnic minority groups
LONDON - The Lloyd’s of London insurance market has apologised for its “shameful” role in the 18th and 19th Century Atlantic slave trade and pledged to fund opportunities for black and ethnic minority groups.
“Recent events have shone a spotlight on the inequality that black people have experienced over many years as a result of systematic and structural racism that has existed in many aspects of society and unleashed difficult conversations that were long overdue,” it added. Weapons and gunpowder from Europe were swapped for African slaves who were shipped across the Atlantic to the Americas.
Lloyd’s said it would invest in programmes to attract black and minority ethnic talent, review its artefacts to ensure they were not racist and support charities and organisations promoting opportunity for black and minority ethnic people.A sweeping global reassessment of history and racism has been triggered by the May 25 death of George Floyd, a black man who died after a Minneapolis police officer knelt on his neck for nearly nine minutes while detaining him.
“It is inexcusable that one of our founders profited from slavery and argued against its abolition in the 1800s,” Green King’s chief executive Nick Mackenzie said. The bank was named after David Barclay, a Quaker who campaigned actively against slavery in the late 18th century, but it later acquired institutions with links to the slave trade, including Colonial Bank in 1918 and Martins Bank in 1969.
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Lloyd's of London to pay for its 'shameful' sins in Atlantic slave tradeThe Lloyd's of London insurance market has apologised for its 'shameful' role in the 18th and 19th Century Atlantic slave trade and has agreed to fund charities and organisations promoting opportunities for black and ethnic minority groups.
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After Aunt Jemima And Uncle Ben, Lloyds Of London And Britain’s Biggest Pub Owner Apologize For Links To Atlantic Slave TradeI am a breaking news reporter for Forbes in London, covering Europe and the U.S. Previously I was a news reporter for HuffPost UK, the Press Association and a night reporter at the Guardian. I studied Social Anthropology at the London School of Economics, where I was a writer and editor for one of the university’s global affairs magazines, the London Globalist. That led me to Goldsmiths, University of London, where I completed my M.A. in Journalism. Got a story? Get in touch at isabel.togohforbes.com, or follow me on Twitter bissieness. I look forward to hearing from you.
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