Operations/tech

The Pennsylvania carrier had been critiqued by the activist Harbert for holding excess capital that it claimed was dragging down returns.

Major increase in incentive pool represents an early step from management to shore up its staff base.

Alkymi’s core products Data Inbox and Patterns allow businesses to accelerate processes by analyzing data in emails and documents.

The company applies user-based technology already used in auto insurance to property business.

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.