MODERN SLAVERY ACT
The Modern Slavery Act 2015 (the “Act”) is a UK law that came into force in 2015. The Act requires commercial organisations with an annual turnover of more than £36 million to publish a slavery and human trafficking statement for each financial year. As a major provider of insurance broking and associated services, the Ardonagh group of companies (the “Ardonagh Group”) is fully supportive of the Act and, as required by the Act, this statement sets out the steps taken during the financial year ended 31 December 2017 to combat slavery and human trafficking in our business and supply chains.
The Ardonagh Group brings together leading businesses in their respective fields within the insurance broking and services industry: Autonet, Bishopsgate, Carole Nash, Chase Templeton, Direct Group, Geo Underwriting, Price Forbes and Towergate. As a group, we provide a wide range of insurance products and services to businesses and consumers, and the legal entities that carry out insurance-related activity are authorised and regulated by the Financial Conduct Authority. As a group we have over 6,000 staff in our nationwide offices and most of our business is within the UK. More information about our business can be found at http://www.ardonagh.com.
OUR SUPPLY CHAINS
Our supply chains include business partners in the provision of insurance services such as insurance companies, brokers and distributors; and also providers of other services necessary to run our business effectively, such as IT, payroll, and facilities.
We recognise the right of each employee to freedom of association, including the right to join trade unions. We ensure that we comply with employment legislation as regards child employment and we do not employ people who do not have the right to work in the UK.
The businesses that make up the Ardonagh Group have varying processes in relation to ensuring that slavery and human trafficking risks are appropriately managed.
Within Bishopsgate, Geo Underwriting and Towergate, a question set and declaration regarding slavery and human trafficking has been included in the diligence carried out on all material suppliers (the “KYS”) since the beginning of 2017. Standard contractual documentation with third party suppliers require compliance with the Act. During 2017, Price Forbes reviewed its supply chain to verify that its key suppliers commit to observing best practice when it comes to slavery and human trafficking issues and compliance with the Act; and Autonet audited appropriate business partners’ websites to confirm that they had posted modern slavery statements. Carole Nash, Chase Templeton and Direct Group became part of the Ardonagh Group during 2017, prior to which they did not fulfil the turnover requirement within the Act.
To ensure a high level of understanding of the risks of modern slavery and human trafficking in our supply chains and our business, staff involved in purchasing and entering into contractual arrangements on behalf of Bishopsgate, Geo Underwriting and Towergate have been made aware of the provisions, requirements and importance of the Act. Price Forbes uses on line training to ensure that its staff are aware of the Act and the wider issues around slavery and human trafficking.
We are developing and updating outsourcing and key supplier policies and business standards to ensure that knowledge of, and compliance with, the Act is embedded within the Ardonagh Group.
We will also be asking suppliers to repeat completion of the KYS (including the section regarding slavery and human trafficking) annually.
This statement is made pursuant to section 54(1) of the Modern Slavery Act 2015 and constitutes our slavery and human trafficking statement for the financial year ending 31 December 2017.
The board of directors of the Group holding company, The Ardonagh Group Limited, approved this statement on 2 May 2018.