Two executives from Lloyd's of London underwriter Tokio Marine Kiln (TMK) have resigned after allegations of sexual harassment were made.

One was accused of groping colleagues at what was termed by a Bloomberg report as a "booze-fuelled party", while the other was alleged to have stalked a junior employee.

The news comes three months after an investigation by the news agency into the “deep-seated culture of sexual harassment” at Lloyd's which quoted one market insider as describing it as “basically a meat market”.