News & Events

Misconduct Proceedings

Lloyds of London

Chloë Bell and Anson Cheung act for Lloyd’s in ground-breaking non-financial misconduct proceedings

Lloyd’s of London has today issued a Public Censure, the first of its kind, against Atrium Underwriting Limited relating to non-financial misconduct by employees and failures by Atrium in the way in which it responded to allegations of misconduct. In regulatory Market Bulletin Y5252, Lloyd’s set out its policy in relation to conduct involving harassment, bullying, discrimination, and consumption of alcohol or drugs at work. The Bulletin makes clear that in addition to the actions of individuals, of “equal importance is the culture of the firm for whom the individual works and whether it supports or tolerates a culture of unacceptable personal behaviour towards others.” The proceedings against Atrium were brought as a result of serious failures by the firm including failures…

Commercial, News 16 Mar, 2022

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