Pub chain and insurance hub ‘sorry’ for slave links

(BBC) – Pub chain Greene King and insurance market Lloyd’s of London have apologised for their historical links to the slave trade.

One of Greene King’s founders owned a number of plantations in the Caribbean.

Meanwhile, maritime insurance – which was focused on Lloyd’s – thrived on the trans-Atlantic slave trade.

Both corporations have apologised and Lloyd’s has said it will donate to charities representing black, Asian and minority ethnic (BAME) groups.

Greene King said it would make a “substantial investment to benefit the BAME community”, after consulting with its staff on how this money can best be used.

Lloyd’s and Greene King’s moves were first reported by the Telegraph in the UK.

‘Not proud’

Lloyd’s, which was founded in 1688, insured slave ships. It is often lauded as the world’s leading insurance market, focusing on specialist areas, such as marine, energy and political risk.

In a statement, Lloyd’s said: “There are some aspects of our history that we are not proud of.

“In particular, we are sorry for the role played by the Lloyd’s market in the 18th and 19th-Century slave trade.”

“This was an appalling and shameful period of English history, as well as our own, and we condemn the indefensible wrongdoing that occurred during this period.”

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