Zurich is leaving the Confederation of British Industry (CBI) over further rape and sexual assault allegations made about employees of the organisation and its response.
In a statement the insurer said: “We are deeply concerned about the allegations made about the CBI and have decided to terminate our membership with immediate effect.”
A spokesperson for Legal & General revealed the insurer has paused engagement with the CBI and is actively reviewing its membership position.
Health & Protection also understands Lloyds Banking Group, parent company of Scottish Widows, has paused its activity with the CBI pending the outcome of ongoing investigations.
Late last week Aviva revealed it had left the CBI with immediate effect.
The insurer said the move followed “very serious” allegations made about misconduct and sexual assault being conducted by employees of the organisation and the CBI’s handling and response.
Last week The Guardian reported a second woman who worked at an international office of the organisation said she was raped and sexually assaulted by two male colleagues.
The City of London police is already in the process of investigating an alleged rape at a CBI summer party in 2019.
Earlier this month, claims of misconduct and sexual assault at the CBI first emerged, with the body moving to suspend three employees pending the outcome of an investigation by law firm Fox Williams.
And in a separate move the CBI sacked director-general Tony Danker a fortnight ago following claims of workplace misconduct against him.
