Lloyd’s of London tracking Monday office attendance

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Lloyd’s of London tracking Monday office attendance
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It comes amid growing concerns across businesses that workers are either flouting demands to come into the office more regularly or effectively extending the weekend.

| Lloyd’s of London is monitoring office attendance amid concerns that Mondays are still not busy enough.

City bosses are increasingly keeping a close eye on swipe card data amid a rise in so-called TWaTs, an acronym for those who only go into the office on Tuesdays, Wednesdays and Thursdays. Lloyd’s, which was founded in a 17th-century London coffee house to insure ships and their cargoes, expects most of its workers to come into its office at least three days a week.It has pushed for more brokers and underwriters to resume trading face-to-face after COVID-19 lockdowns forced the marketplace to move to electronic trading done remotely.

He stressed the importance of face-to-face price and policy negotiations between underwriters and brokers, as has traditionally been done at Lloyd’s at each insurers’ box on its trading floor.Bruce Carnegie-Brown, outgoing chairman of Lloyd’s, has warned that employees are unlikely to resume working five days a week at its office on Lime Street, nicknamed the “inside building”.in April, Mr Carnegie-Brown said getting Friday attendance back to pre-pandemic norms was a “lost cause”.

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