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Modern Slavery Statement

Slavery and Human Trafficking Statement made on behalf of The Britannia Steam Ship Insurance Association Limited (“Britannia”) further to the provisions of the UK Modern Slavery Act 2015 (The Act).

Statement by the Chairman of Britannia

We take pride in the conditions of employment for all our employees within Britannia and its Managers, Tindall Riley (Britannia) Limited (“the Managers”).

Given the nature of our business, it is considered that there is minimal risk, either within Britannia, the Managers or the limited supply chains which support our business activities, that we are in any way involved, or complicit in slavery or human trafficking.

The employment and procurement practices operated by Britannia and the Managers ensure that we are a supportive and ethical employer. We aim to provide a secure and open working environment where we provide a high level of professional service, which in turn helps to build and maintain our business and relationships over the long term. Furthermore, Britannia and the Managers expect a high level of conduct from those companies with which we do business.

Organisational structure

Britannia is a mutual P&I Club providing P&I and FD&D cover to shipowners and charterers worldwide.

Our supply chains

Britannia’s and the Managers’ supply chains are limited. We offer insurance mediation solutions and are accountable to both the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA). We use routine services for the maintenance and support of our office operations in London, Hong Kong and Japan e.g. cleaning and technical support services for such things as air conditioning, IT, telephones and communications infrastructure. We do not act as a producer, manufacturer or retailer of physical goods and have no supply chain in relation to such activities.

Anti-slavery Policy statement – from the Chief Executive Officer of Britannia and the Managers

“Britannia and the Managers have a zero tolerance position in respect of slavery and human trafficking and are committed to ensuring that there is no modern slavery or human trafficking in our supply chains or in any part of our business.”

Our stated Anti-Slavery Statement reflects our commitment to acting ethically and with integrity in all our business relationships.

Due diligence and implementation processes for slavery and human trafficking

As part of our initiative to identify and mitigate risk (including in relation to that of human trafficking and slavery) Britannia and the Managers operate a range of policies and procedures, including policies in respect of:-

  • outsourcing;
  • whistleblowing;
  • anti-money laundering and
  • bribery and financial crime.

The Managers set out employee rights and responsibilities in Contracts of Employment, the Employee Handbook and related employment documentation.

The Managers have an HR department led by the HR/Administration Director, a Risk and Compliance Department led by the Chief Risk Officer and an internal audit department led by the Head of Internal Audit. In addition, the Chief Executive Officer has reviewed this statement and is committed to abiding by the terms of this statement. Each of these departments has reporting responsibilities for the management of Britannia.

This is the first articulation of a formal Anti-Slavery Policy Statement for Britannia and the Managers. It is our aim to ensure, as far as we can, that any third party suppliers, correspondents etc. that we work with operate in accordance with the same high standards that we embrace, with regard to their employees.

Training and Awareness

We will communicate this statement to all our existing and new employees to ensure a high level of understanding of the risks of modern slavery and human trafficking in our business and associated areas of our business.

Legal and regulatory purpose of this statement

This statement is made with regard to the obligations arising under section 54(1) of the UK’s Modern Slavery Act 2015 (the Act). Accordingly this statement should be considered to constitute the slavery and human trafficking statement for Britannia and the Managers until it may in future be modified or amended. Such modifications or amendments will be communicated to all new and existing employees.