Lloyd's of London issues record fine over harassment, bullying

The Lloyd's of London, a historic institution dating back to the 17th century, said it 'will not tolerate poor conduct in our market'. Photo: Reuters/filepic

The Lloyd's of London insurance market announced it had hit one of its members, insurer Atrium, with a record fine of £1.05 million (RM5.79mil) for sexual harassment and bullying.

The historic institution, whose origins date back to the 17th century, said it issued its "largest fine ever" to demonstrate "that we will not tolerate poor conduct in our market".