diversity News

RIMS Seeks Candidates for Diversity Council

The risk management society RIMS has formed a Diversity and Inclusion Advisory Council tasked with identifying “relevant diversity and inclusion goals” for the society to pursue in its activities, as well as providing guidance on how best to achieve them. …

JPMorgan Settles Black Advisers’ Job Bias Lawsuit for $24 Million

As racial diversity tumbles on Wall Street, JPMorgan Chase & Co. has reached a settlement with financial advisers who say they were treated poorly because they’re black. Six current and former employees at the largest U.S. bank filed what they …

Elites Ponder Applying Market Principles to Harassment, Other Social Problems

The global social media movement known through the Twitter hashtag #MeToo has highlighted sexual misconduct in business, entertainment and politics, and is on the agenda at this year’s Milken Institute Global Conference, which started on Sunday. Beginning with accusations of …

Industry Relevance and Expertise ‘Ours to Lose:’ Catlin

First of Two Articles After 44 years in the insurance business, Stephen Catlin is retiring at the end of 2017. While he’ll be retiring from his role as executive deputy chairman of XL Group, he emphasizes that he won’t be …

FM Global Promotes Kelly to VP Diversity & Int’l Human Resources

Commercial property insurer FM Global announced the promotion of Angela Kelly to vice president, diversity and international human resources. Kelly, a 23-year veteran of the company, will have overall responsibility for leading the company’s worldwide efforts to support workplace diversity …

Industry’s International Diversity & Inclusion Festival to Be Held Sept. 26-28

The insurance industry’s third annual diversity and inclusion festival, called Dive In, will be held Sept. 26-28 at events across the globe. Marsh, Willis Towers Watson, XL Catlin and Aon are continuing their year-on-year support of the festival and will …

Insurance CEOs More Concerned Than Others About Disrupters: PwC

Insurance CEOs are more concerned than leaders in other industries about combined disruptive threats to their revenue growth prospects, according to findings from the 20th annual “PwC Global CEO Survey.” PwC polled 95 insurance CEOs from 39 countries, who expect …

Women Are 30 Years From Attaining 30% of Seats on Boards: Report

It will take 30 years at the current pace of change for women to attain just 30 percent of the seats on executive committees in the financial services industry globally, an Oliver Wyman report said on Monday. Globally women account …

Financial Services Industry Fails to Support Women in Career Progression: Mercer

The finance industry offers women a lot of work, especially at the entry level. But each rung up the career ladder, they are increasingly winnowed from the business by lagging recruiting, retention and promotion from within, according to new research. …

Survey: Insurers Spent $1.52B with Diverse California Suppliers Last Year

Diverse California businesses supplied $1.52 billion in goods and services to insurance companies last year, according to a survey by the California Department of Insurance. The 2014 tally was a $587 million increase since 2012, according to Insurance Commissioner Dave …