Modern Slavery Act
MODERN SLAVERY ACT STATEMENT
Neon is committed to operating ethically and with a high level of integrity and transparency in all business dealings. We will not tolerate any form of slavery, servitude, forced labour or human trafficking (Modern Slavery) and this statement sets out our approach and the steps we are taking to safeguard against any form of Modern Slavery taking place within our business or our supply chain.
This statement is made pursuant to section 54(1) of the Modern Slavery Act 2015 and constitutes the slavery and human trafficking statement for the financial year ending 31 December 2017 for all relevant UK companies that are wholly owned within the Neon group and for GAI Indemnity, which is held in common ownership with the Neon Group.
We are committed to maintaining a work environment which respects the dignity, freedom and diversity of all of our employees, officers, contractors, temporary or volunteer staff and we operate a number of policies to support this environment, including: Equal Opportunities policy, Anti-Harassment and Bullying policy, Fit and Proper policy, Whistleblowing policy.
OUR SUPPLY CHAINS
As a provider of insurance and reinsurance, our supply chains are not ones which would normally be associated with slavery or forced labour.
We are committed to the highest professional standards and ethics and we expect the same high standards from the parties we work with. All our suppliers are expected to share our zero tolerance approach to Modern Slavery and who comply with all relevant local and national laws and regulations. Further, all our suppliers are procured in accordance with our procurement and outsourcing policies and process which includes the vetting of new suppliers and completion of supplier due diligence based on the nature and value of the product or service being offered. We include a requirement in our procurement vetting process for prospective suppliers to disclose their position on human slavery and trafficking and provide copies of their policies / statements as appropriate.
Where applicable we include a Modern Slavery Act clause in our supplier contracts.
We periodically communicate to all our employees making them aware of the Modern Slavery Act and our commitment to the Act. Our commitment to the Act is set out in our Code of Professional Conduct and Ethics which every employee is required to sign up to.
Neon Underwriting Limited is a Managing Agent at Lloyd’s and part of the Neon group with operations in Europe and Bermuda, providing insurance and reinsurance worldwide. Neon is a medium sized business that employs approximately 200 people.
The other relevant UK companies that are wholly owned in common within the Neon group are Neon Management Services Limited, Neon Service Company (U.K.) Limited, Neon Holdings (U.K.) Limited, Neon Capital Limited, Lavenham Underwriting Limited and Sampford Underwriting Limited.
GAI Indemnity Ltd is a corporate capital provider to Lloyd’s Syndicate 2468 and is held under common ownership with the Neon group. This statement applies to the Neon group and GAI Indemnity Ltd.
Approved by the Board on 14th February 2018
Alastair McKay, Director & General Counsel