An exciting moment for a boring industry: The Guardian reports that in January, Inga Beale will take over as CEO of Lloyd’s of London. That marks the first time in the insurance market’s 325-year history a woman has run the show.
Back in June, Beale had this to say about the paucity of women on company boards:
“I think the business is run differently if you have women around the decision-making table and that’s why it’s good to have diversity, not just on the gender side. Different people approach things differently and provide alternative views – diverse boards help companies make better decisions, which affect the bottom line,” said Beale.
“Until we get more women around the decision-making table women are unlikely to get enough encouragement to really aspire to reach senior positions in the industry,” she added.
“Lloyds is actually a group of about 80 competing insurance syndicates that traces its origins back to a 17th-century London coffee house where merchants insured ships,” the Guardian explains. It’ll insure just about anything, from Betty Grable’s legs to Bruce Springsteen’s voice.
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