Specialty (re)insurance coverage group Chaucer now has gold standing from Clear Assured, a consultancy agency specializing in range, fairness, and inclusion (DE&I).

Since its dedication to the Clear Assured framework in 2020, Chaucer has made important strides in integrating DE&I ideas throughout all its insurance policies and practices. The framework offered by Clear Assured has enabled Chaucer to benchmark its DE&I efforts and measure progress in opposition to the corporate’s objectives.

“We’re delighted to have achieved Clear Assured’s gold standing for progress in range and inclusion,” Chaucer chief govt Rob Callan mentioned in an emailed assertion. “Clear Assured set a really excessive bar, and to be acknowledged with gold standing reveals our exhausting work is bearing fruit.

“Gold standing has given us confidence that our initiatives actually are making a distinction. Whereas we’ve made good progress, there’s nonetheless a lot to do.”  

Amongst Chaucer’s achievements are the rise within the proportion of ladies in senior roles, rising from 18% in 2020 to 35%, and sustaining a hiring goal that ensures one in three new hires are ethnically numerous.

Moreover, Chaucer has made commendable efforts to deal with gender and ethnicity pay disparities, with a notable 12.2% enchancment in its gender pay hole because the begin of reporting. The agency has carried out a voluntary disclosure coverage for ethnicity since 2022 as effectively.

“On high of accelerating the variety of girls in senior roles, we’ve made regular enchancment to scale back our gender and ethnicity pay gaps,” Callan mentioned. “We’re dedicated to persevering with our good progress in these areas.”

Chaucer, whose hiring managers are all accredited, has additionally been acknowledged for its DE&I improvement packages, which embrace energetic bystander coaching for all employees and necessary participation in an inclusive management program for managers.

Other than Chaucer, international insurance coverage market Lloyd’s additionally has gold standing from Clear Assured.

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