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Modern Slavery Act Statement


This Slavery and Human Trafficking Statement is made on behalf of Helmsman Global Ltd (“HM8”) pursuant to section 54 of the United Kingdom Modern Slavery Act 2015 (the "Act") for the financial year ending 31 December 2023 and until further notice.

It sets out the steps that HM8 has taken, and is continuing to take, to ensure that modern slavery and human trafficking is not taking place within any part of our business, or in any of our supply chains.

Our Business Organisation, Structure and Supply Chains

HM8’s holdings provide insurance brokerage and risk management services, to both domestic and international entities, on a direct and wholesale basis. Its brokers, agents and administrators act as intermediaries between insurers and their customers.

HM8 is headquartered in the UK, and it is a separate legal entity distinct from its holdings. The majority of HM8’s revenue is generated from its investments in Singapore.

As a responsible company, HM8 expects to work with reputable entities who comply with the Act. HM8 also retain certain outsourced service providers for the maintenance and support of its operations including office and IT infrastructure and related services.

Our Policy and Approach

Holding persons in slavery or servitude, requiring persons to perform forced or compulsory labour, and the human trafficking of persons for exploitation, are crimes and violations of fundamental human rights. HM8 has zero tolerance to any form of slavery and human trafficking and have implemented proportionate and effective systems and controls to ensure neither is taking place in any part of our business or in any of our supply chains.

We are committed to complying with all laws, regulations, and rules relevant to our business, and take our corporate and social responsibilities very seriously. We expect the same high standards from those we conduct business with.

HM8 monitors compliance with its internal values and periodically performs random checks to ensure that we are conducting business in an ethical and transparent manner. We identify and mitigate risk across a range of areas, including slavery and human trafficking, by integrating our values into our decision-making process.

Due Diligence

In accordance with HM8’s policy, due diligence is conducted at two main levels:

  • As part of the pre-employment and recruitment process for our staff, we ensure that all candidates are legally permitted to work within the UK, that they are joining of their own free will and are not coerced to join us.  Where appropriate we also perform background and financial checks on staff.

  • Our procurement processes includes due diligence and KYC checks prior to contracting with any new supplier to the company.

Our Training and Effectiveness

To ensure a high level of understanding of the risks of modern slavery and human trafficking in our supply chains and our business, we encourage reading on the subject all our staff. We encourage staff to report all potential or actual incidents that relate to wrongdoing, actual or suspected illegal or serious inappropriate activity, whether related to modern slavery or not.

During the year ended 31 December 2022 there were no incidents relating to modern slavery or violations of human rights identified and no incidents were reported by staff or relating to our supply chain or suppliers themselves.

This statement was approved by HM8 on 1st March 2023.

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