ASCOT GROUP ANTI‐SLAVERY AND HUMAN TRAFFICKING STATEMENT
This anti‐slavery statement is made on behalf of Ascot Group Limited and its affiliates (“Ascot Group”), including subsidiaries operating in the UK and owned or controlled by Ascot Group companies, in compliance with s.54(1) of the Modern Slavery Act 2015, and outlines the steps that Ascot Group has taken to ensure that slavery and human trafficking are not taking place in its supply chains or any part of its business.
Ascot Group operates internationally, including via Syndicate 1414 at Lloyd’s (the “Syndicate”). Ascot Underwriting Limited is the Managing Agent of the Syndicate and provides insurance and reinsurance services out of its offices in London.
ANTI-SLAVERY AND HUMAN TRAFFICKING POLICY
Ascot Group has a zero‐tolerance approach to slavery and human trafficking and is dedicated to ensuring that slavery and human trafficking do not take place in any part of our business or supply chains.
Ascot Group is proud to offer all its employees market-related pay and benefits.
SUPPLY CHAIN AND SUPPLIER DUE DILIGENCE
The companies in Ascot Group’s supply chains are reputable entities that are subject in most cases to high levels of regulation and/or public scrutiny. Ascot Group’s relationships with these companies are governed by comprehensive contractual terms. Regular audits are conducted to monitor compliance with these terms.
Ascot Group, in its various guises, is subject to a number of regulatory regimes in different jurisdictions globally as well as the governance of Lloyd’s. These regimes require transparency and encourage the adoption of fair working conditions for employees and ethical outsourcing procedures.
Ascot Group monitors and controls risk within its business through the operation of a number of policies and procedures relating to, among others, bribery and corruption, conflicts of interest, financial crime, and whistle‐blowing.
All appropriate Ascot Group employees completed a new training module on how to recognise and act on knowledge or suspicion of modern slavery as part of their mandatory annual compliance training.
In addition, all appropriate employees of Ascot Group have been encouraged to visit modernslavery.co.uk to enhance their overall understanding of this global issue. This will ensure a high level of understanding of the risks of slavery and human trafficking in supply chains and the business in general.
Ascot Group will look to adopt the Anti-Slavery and Human Trafficking Policy across all contracts and procurement processes across the supply chain. By setting out a clear policy, and by raising employees’ awareness of modern slavery, Ascot Group will be able to effectively mitigate against the risk of slavery and human trafficking within the context of its limited supply chain.
This Ascot Group 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 as of the date of signature and will constitute Ascot Group’s Slavery and Human Trafficking Statement until such time as it is modified, renewed or removed from the Ascot Group website.
This Ascot Group Slavery and Human Trafficking Statement is made in compliance with s.54(1) of the Modern Slavery Act 2015. This version is to up to date as of June 2018; however, its objectives will be reviewed and updated as appropriate and at least on an annual basis.
Ascot Group Limited
Approved by the Board of Ascot Group Limited at its meeting on 27 June 2018
As at the date of this statement Ascot Group’s UK subsidiaries are: Ascot Insurance Holdings Limited, Ascot Underwriting Group Limited, Ascot Employees Corporate Member Limited, Ascot Underwriting Holdings Limited, Ascot Corporate Name Limited, Ascot Underwriting Limited and Ascot Insurance Services Limited.