London ¨C British ships ferried over 3 million enslaved African people across the Atlantic Ocean. Lloyd¡¯s of London insured many of those vessels, the people chained below deck sometimes categorized as ¡°perishable goods,¡± alongside cattle, by the market¡¯s underwriters.
Lloyd¡¯s involvement in the trans-Atlantic slave trade is not included in the market¡¯s permanent exhibition at its modernistic City of London tower but that is set to change.
¡°The legacy of slavery is racism. You can¡¯t do what you have to do to make slavery work unless you constitute the enslaved people as less than human,¡± said Nick Draper, a former JPMorgan banker who was founding director of the Center for the Study of the Legacies of British Slavery (LBS) at University College London
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