Anti-Slavery and Human Trafficking Statement

INTRODUCTION

This statement is made on behalf of Barbican Holdings (UK) Limited (“BHUK”), its subsidiaries and entities otherwise owned or controlled by BHUK (together “Barbican”).  It sets out the actions taken by Barbican to understand all potential modern slavery risks related to its business and to put in place measures aimed at ensuring that there is no slavery or human trafficking in its own business or its supply chains.

ORGANISATIONAL STRUCTURE

For the purposes of this Statement, the Barbican Insurance Group comprises two distinct operating divisions:

  • Barbican Managing Agency Limited manages Barbican’s insurance and reinsurance business at Lloyd’s.
  • Barbican Intermediaries comprises the intermediary businesses: Barbican Protect Limited, Barbican Underwriting Limited, Castel Underwriting Agencies Limited and Seacurus Limited.

Barbican is committed to preventing slavery and human trafficking in its corporate activities and to ensuring that its supply chains are free from slavery and human trafficking.

BARBICAN’S SUPPLY CHAIN

Barbican’s supply chain comprises suppliers that provide a range of goods and services such as, but not exclusive of, cleaning services, IT vendors, claims handling and accountancy, auditing and other professional services. Barbican is committed to ensuring that its business partners observe the highest of professional standards. As a matter of policy, Barbican will now require that its suppliers commit, contractually, to observing best practice when it comes to anti-slavery and human trafficking compliance.

NEXT STEPS

Barbican will look to adopt the Anti-Slavery and Human Trafficking Policy across all contracts and procurement processes in the supply chain. By setting out a clear policy, and by raising employees’ awareness of modern slavery, Barbican will be able to effectively mitigate the risk of slavery and human trafficking within its supply chain.

This statement will be issued to all Barbican staff and further context‐specific advice will be given by HR and/or the legal function on an ad‐hoc basis as and when required.

TRAINING

Mandatory on-line annual compliance training for all Barbican employees will ensure a high level of understanding of the risks of slavery and human trafficking in supply chains and the business in general.
Barbican is committed to monitoring the effectiveness of the mandatory training.  Barbican will continue to review its policies and processes to ensure that it continues to comply with the Modern Slavery Act 2015. 

APPLICATION

This Anti-Slavery and Human Trafficking Statement is made in compliance with s.54(1) of the Modern Slavery Act 2015. This version is directly applicable to the 2016 financial year but will also constitute Barbican’s Anti-Slavery and Human Trafficking Statement for future years until such time as it is modified, renewed or removed from the Barbican Group website.

David Reeves

Group Chief Executive Officer

Date: 05.06.2017