Direct Insurance London Market Signs Insurance Wide Inclusive Behaviours Pledge

Direct Insurance London Market, (DILM)is a proud signatory of a new pledge to drive forward diverse, inclusive and tolerant practices across the insurance industry by transforming workplace culture.

Fifty insurance organisations initially signed the the Inclusive Behaviours Pledge that recognises the sector needs to go further in encouraging diversity and stamping out discriminatory behaviour.

The pledge states behavioural change must be endorsed at the top of any organisation and therefore requires a commitment to improve standards of inclusive behaviour starting at CEO level. The pledge covers potential discrimination in the workplace on the grounds of age, disability, gender reassignment, marriage/civil partnerships, pregnancy/maternity, race, religion/belief, gender or sexual orientation.

As a signatory, DILM commits that our people can expect to:

  • be treated with respect, courtesy and dignity
  • be treated in a manner free from discrimination and objectification
  • not be harassed, bullied or victimised
  • be dealt with in an honest, transparent and legal way

When behaviours fall below these expectations, DILM also commits to take action if:

  • our employees are harassed in any way, either by fellow employees, suppliers, customers or business partners
  • our employees are treated differently or discriminated against due to age, disability, gender reassignment, marriage/civil partnership, pregnancy/maternity, race, religion/belief, gender or sexual orientation
  • there is any abuse of position or seniority, particularly when directed at those more vulnerable or more junior than ourselves.

DILM’s CEO and Management team commit to:

  • ensure our organisations have a clear procedure for reporting any inappropriate or discriminatory behaviour
  • regularly communicate on the importance of inclusive behaviours
  • ensure there are significant repercussions for the perpetrators of such behaviour
  • lead by example and ensure all fellow employees in our businesses do the same
  • call out inappropriate behaviour or discrimination, even when it is uncomfortable to do so. We will not be bystanders.

Organisations can sign up online via a dedicated website, where signatories will also find an ‘Inclusive Behaviours’ toolkit giving help and advice on how to implement the pledge going forward.

Novus Underwriting, a New Lloyd’s Underwriting Agency for Speciality Risks

Direct Insurance Group Plc, the specialist Lloyd’s broker and wholesaler, is pleased to announce the launch of its new Underwriting agency, Novus Underwriting Ltd (‘Novus’).

Novus, will primarily write Extended Warranty and Affinity (re)insurance business on a worldwide basis, Underwritten by a panel of exclusive A-rated carriers. Novus will operate from its London Headquarters, in addition to offices in Liechtenstein and Miami and is able to initially write the following classes of business;

  • New and Used Car Extended Warranty
  • Guaranteed Asset Protection (GAP) insurance
  • Brown and White Goods Extended Warranty
  • Affinity Products and Schemes

David Bearman, CEO of Novus said: ‘At Novus Underwriting we have a very experienced team of people who are considered market leaders in their specialist classes of businesses and who have a proven track record of underwriting profitable accounts. With these appointments we are confident in both their and our continued success. We have already inked a number of significant deals that will see the GWP of Novus surpass €50m in the next 24 months and we are targeting €250m GWP within 5 years.

He continued to say ‘our diverse business has extensive experience of setting up and running specialist MGA’s and our group has experienced astonishing growth in the last 5 years. This new division represents the next chapter in that success story.’

To learn more about the services we are able to provide simply get in touch with the team today.

T: + 44 (0) 20 3961 9830