Reports suggest the insurer will share a new code of conduct this week after 18 women claimed to be victims of “near-persistent harassment”

Lloyd’s of London is preparing to unveil a new code of conduct for employees this week, ultimately banning drunk and high employees from entering the building.

Last month, Bloomberg reported that 18 women had come forward, claiming they had been subjected to “near-persistent harassment” at the market.

Further measures include closing the pub situated inside the building and setting up an anti-bullying and sexual harassment helpline.

According to the Sunday Telegraph, the pub will be converted into a cafe.

In the aftermath of the allegations, Lloyd’s has been described as a “meat market” and chief executive, John Neal said the company “has to be public and decisive” about the action it takes.

A Lloyd’s spokesperson told Insurance Times: “The update to rules for accessing Lloyd’s premises is just one part of our wider action plan to stamp out inappropriate behaviour in the Lloyd’s market.

“We are serious about delivering on our commitment to change the culture for the better, ensuring Lloyd’s is a safe and inclusive environment for all our members.”