Operations/tech
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Kenan Lucas of the Harbert Discovery Fund blasted the company in an open letter last week for enriching insiders at the expense of shareholders. -
The unit’s remit will also include the "investment and collaboration with InsurTechs".
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Insiders benefited from domicile changes at the expense of investors, Kenan Lucas of the Harbert Discovery Fund alleges.
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At the carrier’s AGM, more than a quarter of votes were cast against a non-binding resolution to approve compensation arrangements.
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The Bermudian booked a $4.6mn loss from Winter Storm Uri.
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The legacy specialist advises shareholders to approve the “best practice” board change at the AGM in June.
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The carrier’s forensic investigators say the incident has been contained.
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The second half of 2021 could end up seeing a strong pick-up in repurchase levels.
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The group says investors should hold Tom Murphy to account for the company’s lack of climate reporting.
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The investment firm owns about 2% of the insurance company.
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The insurer’s surplus fell from $61mn to $22mn during 2020.
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The leader of Gallagher’s wholesale arm also stressed that he is undeterred by the scale of the Big Three after recent M&A.
