Chaucer gets gold status for diversity and inclusion

Chaucer gets gold status for diversity and inclusion | Insurance Business America

Diversity & Inclusion

Chaucer gets gold status for diversity and inclusion

Achievements include increased proportion of women in senior roles

Diversity & Inclusion

By
Terry Gangcuangco

Specialty (re)insurance group Chaucer now has gold status from Clear Assured, a consultancy firm specializing in diversity, equity, and inclusion (DE&I).

Since its commitment to the Clear Assured framework in 2020, Chaucer has made significant strides in integrating DE&I principles across all its policies and practices. The framework provided by Clear Assured has enabled Chaucer to benchmark its DE&I efforts and measure progress against the company’s goals.

“We’re delighted to have achieved Clear Assured’s gold status for progress in diversity and inclusion,” Chaucer chief executive Rob Callan said in an emailed statement. “Clear Assured set a very high bar, and to be recognized with gold status shows our hard work is bearing fruit.

“Gold status has given us confidence that our initiatives really are making a difference. While we’ve made good progress, there is still much to do.”

Among Chaucer’s achievements are the increase in the proportion of women in senior roles, rising from 18% in 2020 to 35%, and maintaining a hiring target that ensures one in three new hires are ethnically diverse.

Additionally, Chaucer has made commendable efforts to address gender and ethnicity pay disparities, with a notable 12.2% improvement in its gender pay gap since the start of reporting. The firm has implemented a voluntary disclosure policy for ethnicity since 2022 as well.

“On top of increasing the number of women in senior roles, we’ve made steady improvement to reduce our gender and ethnicity pay gaps,” Callan said. “We’re committed to continuing our good progress in these areas.”

Chaucer, whose hiring managers are all accredited, has also been recognized for its DE&I development programs, which include active bystander training for all staff and mandatory participation in an inclusive leadership program for managers.

Aside from Chaucer, global insurance marketplace Lloyd’s also has gold status from Clear Assured.

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