Global Economy
AXA Fund Unit Sets 33 Percent Target for Gender Diversity 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 ...
QOMPLX Plans MGA Subsidiary Launch for Fall 2020
QOMPLX, the developer of an intelligent decision platform used in cybersecurity, insurance, and quantitative finance, is launching a U.S.-based MGA subsidiary. RubiQon Risk & Insurance ...
Argo Group Searches for New CFO, Updates Leadership Responsibilities
Argo Group International Holdings has started searching for a new chief financial officer and is updating responsibilities for its senior leadership team in a broader, related move. The Bermuda-based ...
Chubb Estimates $1.4B in Q2 Pretax COVID-19 Catastrophe Losses
Chubb's new, sobering disclosure of Q2 2020 global net catastrophe losses underscores the damage COVID-19 is doing to carriers' bottom lines. The global property/casualty insurer reported a whopping ...
Torrential Rain, Thunderstorms Batter Parts of China, Creating Flood Risks
The central Chinese city of Wuhan, epicenter of the new coronavirus pandemic, raised its flood alert level on Monday as torrential rain and thunderstorms battered swathes of the country, including ...
Aon Ends Most COVID-19-Related Salary Cuts Except for Named Executives
Aon will end the salary cuts implemented in May as a response to the economic uncertainties caused by the COVID-19 pandemic. Effective July 1, Aon ended the salary cuts and will colleagues for the ...
Climate Battles Are Moving to the Courtroom, Fueled by Creative Arguments
Climate change may be having its day in court. With the slow pace of international climate negotiations, lawyers from Switzerland to San Francisco are increasingly filing lawsuits demanding action. ...
Lemonade’s Debut Day of Trading Sees 140 Percent Jump in Stock Price
Lemonade soared on July 2 as its stock price climbing nearly 140 percent in the InsurTech's debut day as a public company. It's a significant achievement for the New York-based startup, which only ...