This initiative is dedicated to promoting the progression of Black and minority ethnic individuals to executive positions. Credit: hxdbzxy via Shutterstock.

Green Park, a consultancy specialising in talent advisory, has become an executive search delivery partner of the Inclusive Futures Coalition.

This initiative, spearheaded by Lloyd’s in November 2023, is dedicated to promoting the progression of Black and minority ethnic individuals to executive positions.

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The programme was crafted after extensive consultations with over 250 Black and ethnically diverse professionals from Lloyd’s market, as well as insights from finance, academia, and diversity and inclusion experts.

It comprises eight financial companies, along with delivery partners Equity, Green Park, and the Lloyd’s of London Foundation.

Starting in September 2024, the Lloyd’s of London Foundation will collaborate with the Cowrie Foundation and Black Heart Foundation to offer bursaries to numerous Black and ethnically diverse students.

These students will be pursuing degrees in subjects pertinent to the risk and insurance sectors.

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Additionally, the Coalition will collaborate with Equity to create a pool of exceptional early-career talent from Black and ethnically diverse backgrounds. These candidates will receive comprehensive preparation, including pre-assessment, Lloyd’s market induction, and interview.

Green Park CEO and founder Raj Tulsiani said: “Green Park is proud to be the executive search delivery partner of the Inclusive Futures initiative, bringing over 17 years of experience changing the face and composition of leadership teams.

“Our data, insights and experience tell us there is still much work to be done to achieve equity of opportunity at leadership and pipeline level for those from diverse backgrounds, but insurance has rarely been as an attractive industry as it is now.”

“It’s why we are delighted to see the commitment from the coalition members to partner with us to sustainably change their ability to attract and retain rare and transformational talent from all backgrounds, based on performance and culture, to company boards.”