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Lloyd’s Launches Culture Dashboard, Sets Gender Target for Market

The Lloyd’s re/insurance market has launched a Culture Dashboard and has set a gender target for the market supported by a commitment to achieve parity between men and women over the next decade. These measures mark the fulfilment of Lloyd’s …

Canadian Insurer Manulife Plans to Increase Diversity by 30% Within 5 Years

Manulife Financial Corp said on Friday it was making a push to increase the representation of minorities across its North American businesses, joining a host of companies that have pledged to improve racial diversity at workplaces. The Canadian insurer is …

Swiss Insurers Oppose Tighter Immigration Rules, Says Swiss Re CEO in News Report

Switzerland’s insurance industry is against tightening the country’s immigration rules, a move that will be put to voters this year, Swiss Re Chief Executive Christian Mumenthaler told Handelszeitung newspaper. Mumenthaler is the latest business figure to lobby against the proposals, …

AXA Investment Managers Sets 33% Gender Diversity Target on Company Boards

AXA Investment Managers will set a 33% target for gender diversity on listed company boards in developed markets and may vote against companies which fail to meet this mark. The asset management unit of French insurer AXA said on Wednesday …

Study Finds Bias Against Job Candidates Motivated by Pay, Benefits

People with work they are passionate about say it doesn’t even feel like a job. But that doesn’t have to mean one’s sole motivation has to come from the work itself. People can also be motivated by the salary and …

Members of Lloyd’s New Cultural Advisory Group Include Mental Health Specialists

Lloyd’s has announced the membership of its new, independent Culture Advisory Group, which has been set up as part of its action plan to drive long-term cultural changes in the market. Lloyd’s started its cultural transformation program in March 2019 …

British Regulator Warns Insurance Industry to Stamp Out Bad Behavior – or Else

Britain’s markets watchdog has told the bosses of commercial insurance companies to stamp out bad behavior in the industry and improve diversity, or risk losing their jobs. The warning follows last year’s admission by Lloyd’s of London of sexual harassment …

Manulife Financial’s CEO Apologizes to Employees for Executives’ Spoof Rap Video

Manulife Financial Corp. Chief Executive Officer Roy Gori apologized to employees for a spoof rap video that was part of the executive team’s year-end message. The internal video, the third in an annual series featuring different music genres, was retracted …

CEO of Gallagher’s UK Broker/Underwriting Unit Apologizes for ‘Insensitive Comments’

Simon Matson, CEO of Arthur J. Gallagher’s UK broking and underwriting business, has apologized for “insensitive comments” made when former employees left Gallagher-owned Alesco to join Ardonagh Group. Comments made by Matson and other Alesco executives came to light when …

Sexual-Harassment Whistleblower Sues Lloyd’s Insurer Tokio Marine Kiln

A senior lawyer who blew the whistle on alleged sexual harassment and bullying at a top Lloyd’s of London insurance company is suing his employer for what he called a campaign of harassment, racial discrimination and victimization. Ifeanyi Okoh said …