2025 marks the first year KennCo Underwriting Limited is reporting on its Gender Pay Gap, as we now fall within the scope of organisations with 50 or more employees under the Gender Pay Gap Information Act 2021.
Our report shows that while pay and bonus participation is broadly equal between men and women, a gender pay gap exists due to the distribution of men and women across different levels of our workforce. Men are currently overrepresented in senior, higher paid positions, which increases both average pay and bonus outcomes.
We remain fully committed to equal opportunities for all employees. Recruitment, promotion, and remuneration decisions are made solely on merit, performance, and experience. The gap we report is structural, not procedural, it reflects workforce distribution, not unequal pay for equal work.
To close this gap, we are focused on developing female talent within KennCo.