Operations/tech

The division will employ 60 data scientist and analysis employees to serve the group’s global customer base.

The insurer has published its first-ever ESG report, detailing diversity and equality initiatives, along with pledges to cut carbon emissions.

Universal Fire & Casualty Insurance Company said it is now accepting a variety of cryptocurrencies including Bitcoin, Ethereum, Bitcoin Cash and Litecoin.

Many of the individual causes championed by CEOs are positive, but there are good reasons to separate the political and business spheres.

The executive was speaking on a panel with AIG’s Peter Zaffino and CNA’s Dino Robusto.

The executive also emphasized that his company’s merger was about innovation and not scale, following a series of announced divestitures.

Marsh McLennan (MMC) is establishing a global MBA fellowship program in partnership with historically black university Fisk University and the National Black MBA Association (NBMBAA), offering participants a hybrid curriculum covering business knowledge and social justice issues beginning in September 2021.

Axa has been amongst the insurers pushing for financial institutions to assess emerging nature-related risks and opportunities.

Kenan Lucas of the Harbert Discovery Fund blasted the company in an open letter last week for enriching insiders at the expense of shareholders.

The unit’s remit will also include the "investment and collaboration with InsurTechs".

Insiders benefited from domicile changes at the expense of investors, Kenan Lucas of the Harbert Discovery Fund alleges.

At the carrier’s AGM, more than a quarter of votes were cast against a non-binding resolution to approve compensation arrangements.