Insurance industry raising £1m to commemorate Bishopsgate bombing

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“London Market Line Slip” to give St. Ethelburga’s Centre for Reconciliation & Peace a long-term, stable endowment

Insurance companies and brokers from the Lloyd’s and London insurance markets have committed to funding a “London Market Line Slip” to secure the long-term future of St. Ethelburga’s Centre for Reconciliation & Peace (“St. Ethelburga’s”). Charitable subscriptions are being sought from London market re\insurers, brokers and service providers, with a fundraising target of £1m as part of the commemoration of the 25th anniversary of the IRA Bishopsgate bombing. This mirrors the efforts of the Lloyd’s and London insurance markets 25 years ago when a “slip” was passed around the market to help rebuild St. Ethelburga’s church which was almost completely destroyed in the attack.

Following the restoration work, St. Ethelburga's Centre for Reconciliation and Peace was established in 2002 and is a dynamic presence at the heart of British peacemaking. It is a maker of peacemakers that seeks to mitigate the radicalisation of young adults of faith by helping them to fully integrate in a multicultural society and become leaders of their faith groups. It teaches local faith leaders to mediate and reconcile disputes and make local churches, mosques and other places of worship, centres for peace and reconciliation. It also helps reconcile different factions of overseas conflicts that reside in the UK and helps female refugees, asylum seekers and those from ethnic minorities find their place in UK society.

Pool Re and Guy Carpenter lead the “slip” with a 1% subscription each and are seeking to garner financial commitments from across the Lloyd’s and London market. The money raised will be used to create a sustainable fund to ensure the maintenance of the building, and success of future projects.

Sir Tony Baldry, chair of the trustees at St. Ethelburga’s said, “The London insurance market played a crucial role 25 years ago in helping to rebuild this ancient church which has now become home to a centre that plays a crucial role in building harmony and understanding between different communities and faiths. A quarter of a century later we are extremely pleased that the market continues to show such much needed support.”

Julian Enoizi, chief Executive, Pool Re said, “Pool Re and St. Ethelburga’s Centre for Reconciliation & Peace share a common heritage. We were born out of the same event. St. Ethelburga’s does incredible work to promote cross-community and interfaith dialogue, and their efforts to prevent radicalisation greatly contribute to the safety and security of London and the UK. In the effort to build a future secure from the threat of terrorism, Pool Re and St. Ethelburga’s stand united. Therefore, on the 25th anniversary of the Bishopsgate bombing we are proud to be a part of this initiative to secure the centre’s long-term future.”