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 …
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 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 The internal video, the third in an annual series featuring different music genres, was retracted …
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 …
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 …
McDonald’s Corp. has been working hard to fend off accusations it overlooks workplace harassment and abuse. So when it came to light that its chief executive officer was in a relationship with a colleague, the board had little room to …
The insurance industry is facing a complicated cocktail of massive political and economic uncertainty, climate risks, huge shifts in technology and increasing regulatory burdens. These are just some of the industry challenges cited by Jon Dye, chief executive of Allianz …
The global #MeToo movement, in which women across much of the corporate world have spoken out about sexual harassment at work, is having an unintended consequence: more work for top city lawyers. Clifford Chance, one of London’s leading “magic circle” …
There were 755,436 people working in financial activities in the New York metropolitan area last year, more than twice as many as in the next-biggest area for such jobs, metro Los Angeles. But this amounted to just 8% of New …
For most of the traders, bankers, lawyers and accountants who populate the City of London, the era of excessive daytime boozing is long gone. Pubs and pints have been replaced by coffee shops and lattes. Dealmaking hasn’t suffered for it. …
