Lloyd’s new target is that a third of all new hires across the market should be from ethnic minority backgrounds
The African Caribbean Insurance Network (ACIN) has placed 32 ethnic minority candidates in London-based insurance roles via its talent and social acquisition agency ACINRecruit.
The agency has helped a diverse range of candidates secure places in some of the sector’s top graduate schemes, including Willis Towers Watson (WTW), Willis Re and Travelers.
All those hired have also joined ACIN’s London market community and were recently welcomed to the sector by Lloyd’s chief executive John Neal.
Junior Garba, ACIN’s co-founder and an underwriter at Tokio Marine Kiln, said: “Some of the candidates we placed turned down job offers from investment banks, consultancies, or law firms to choose a career in the insurance sector.
“They learned about our market’s career appeal through the ACIN.”
ACINRecruit was launched in September 2020. It provides end-to-end talent acquisition services to carriers, brokers, MGAs and market suppliers, as well as finds jobs in insurance for graduates and others from ethnic minority backgrounds.
Despite the current competitive job environment, ACINRecruit has found attractive candidates for entry level roles across underwriting, broking, claims, actuarial and finance.
The social enterprise agency also won the Chartered Insurance Institute’s award for talent attraction in 2021.
Godwin Sosi, ACIN’s co-founder and an underwriter at Sompo International, added: “For companies that have yet to put their intentions about diversity into action, a specialised recruitment agency is a powerful partner.
“Insurance sector employers looking to widen and diversify their talent pool may not really know how to begin the search, but ACINRecruit offers solutions to help [businesses] achieve diversity goals easily, especially in view of Lloyd’s new target that a third of all new hires across the market should be ethnic minority hires.”
Speaking about inclusive workplace cultures, Matthew Wilson, president and chief executive of Travelers Europe, said: “Maintaining a diverse and inclusive culture is a business imperative for us. Working with ACINRecruit helps us further our efforts by increasing our talent pool.
“Through the partnership, we’re able to tap into audiences [that] may not have been considering a career in insurance and bring new individuals with varying perspectives into the industry.”
Meanwhile, Alastair Swift, head of corporate risk and broking for WTW in Great Britain, said: “A core part of our corporate risk and broking strategy is to further advance inclusion and diversity throughout our colleague base.
“We have been focusing on our graduate programme to help further this cause and partnered with ACINRecruit in 2020 for the first time.
”Through this partnership we have placed graduates into the 2021 class that we would not otherwise have had access to and who may not have considered insurance if it wasn’t for ACINRecruit.”