Academics are slowly piecing together the financial networks behind the transatlantic trafficking of ‘human cargo’ While the UK government is considering a formal apology for Britain’s role in the transatlantic slave trade, Lloyd’s of London said it was “deeply sorry” six years ago. The historic insurance marketplace said it was deeply sorry for the “significant role” it played in the trafficking of enslaved people and for the enormous suffering caused. It has since installed a commemorative plaque at its London headquarters. It said it was committing £52m, including £12m for Inclusive Futures initiatives to help Black and ethnically diverse individuals participate and progress “from the classroom to the boardroom”. It also pledged to earmark £40m towards profit-making investments in the African Development Bank and the Inter-American Development Bank, which has programmes in the Caribbean. Continue reading...
Historians uncover more questions for insurers over their role in the slave trade
Academics are slowly piecing together the financial networks behind the transatlantic trafficking of ‘human cargo’ While the UK government is considering a formal apology for Britain’s role in the transatlantic slave trade, Lloyd’s of London said it was “deeply sorry” six years ago. The historic insurance marketplace said it was deeply sorry for the “significant role” it played in the trafficking of enslaved people and for the enormous suffering caused. It has since installed a commemorative plaque at its London headquarters. It said it was committing £52m, including £12m for Inclusive Futures initiatives to help Black and ethnically diverse individuals participate and progress “from the classroom to the boardroom”. It also pledged to earmark £40m towards profit-making investments in the African Development Bank and the Inter-American Development Bank, which has programmes in the Caribbean. Continue reading...