Lloyd’s of London will hand some staff an extra £1,500 ($1,850) to cover rising living costs as inflation persists into 2023.
The insurance exchange told staff Tuesday that those earning less than £75,000 would receive the one-time contribution, according to a spokesperson.
The move comes after Lloyd’s gave the same staff an extra £2,500 last year as soaring energy bills and food prices created a cost-of-living crisis. Other firms including HSBC Holdings Plc, NatWest Group Plc and Barclays Plc have made similar gestures.
Photograph: The Lloyd’s of London Ltd. building in the City of London, UK, on Tuesday, Jan. 18, 2022. Lloyd’s of London is reviewing its real estate needs as the historic insurance market embraces flexible working. Photo credit: Hollie Adams/Bloomberg
- Lloyd’s of London to Pay Some Staff £2,500 Cost-of-Living Bonus
- UK’s Aviva Gives Lower-Paid Staff £1,000 to Help Pay Soaring Energy Bills
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