[1/2] A Confederation of British Industry (CBI) logo is seen during their annual conference in London, Britain November 9, 2015.
"While the CBI was not previously aware of the most serious allegations, it is vital that they are thoroughly investigated now and we are liaising closely with the police," CBI President Brian McBride said.
Virgin Media O2 criticised how the CBI had dealt with the allegations.
Aviva (AV.L) and two other insurers, Phoenix Group and Zurich Insurance Group (ZURN.S), also quit on Friday along with asset manager Schroders.
Accountancy firm PWC suspended activity with the CBI, as has telecoms company BT Group, while bank Santander said it was reviewing its membership.