Microsoft Corp. is eliminating a requirement that employees pursue sexual harassment and gender bias claims through arbitration instead of in court, after revelations this year of improper behavior across technology, entertainment and other industries. The tech giant also endorsed a …
IBM Chief Executive Officer Ginni Rometty sees proprietary data combined with artificial intelligence technology as the competitive advantage for companies going forward. When International Business Machines Corp. works with clients, it trains a unique version of its artificial intelligence technology, …
Uber Technologies Inc. agreed to start a guild for 35,000 drivers in New York that will help them negotiate with the ride-hailing company, though the group will have less power to resolve disputes than a full-fledged union. All current and …
Third Point Reinsurance Ltd., which counts Dan Loeb as a founder, said it’s more than just a hedge fund investing vehicle as the Internal Revenue Service weighs tightening regulation for offshore companies. “Anyone that spent a day in our office …
Sandell Asset Management Corp., the activist hedge-fund firm run by Tom Sandell, started a Bermuda-based reinsurer to support its investing strategy. Sandell Re will rely on the hedge fund to oversee the reinsurer’s assets, the New York-based firm said Thursday …
XL Group plc, the insurer that agreed to buy Catlin Group Ltd. for about $4 billion, said it faces a risk label after the deal that could lead to increased oversight from global regulators. “Following the completion of the proposed …
Maurice “Hank” Greenberg’s Starr International Co. is pursuing growth in Cuba as the U.S. eases decades-old restrictions on visiting the country. Starr’s travel assistance unit could provide services and insurance to clients who wish to go to Cuba, the Zug, …
The Northeast U.S., including New York and Massachusetts, sustained at least $500 million in economic losses last month when a winter storm ripped through the region, Aon Plc said. The blizzard from Jan. 26 to 28 killed at least two …
XL Group plc Chief Executive Officer Mike McGavick said employees who are worried about disruption from his company’s planned purchase of Catlin Group Ltd. should think twice about jumping ship. Other reinsurance deals, including last month’s agreement by AXIS Capital …
Ace Ltd. Chief Executive Officer Evan Greenberg, whose insurer last week posted a decline in fourth-quarter profit as currency fluctuations pressured results, predicted that recent gains in the dollar will be temporary. “The U.S. right now is the preferred destination …
