DIRS.INFO The most relevant business & tech news

☆ Swiss Re ordered to pay former underwriter $1.6 million for sexism, unfair dismissal
▼ + stars: | 2023-08-25 | by ( ) www.reuters.com time to read: +1 min

Companies Swiss Re AG FollowLONDON, Aug 25 (Reuters) - A former Swiss Re (SRENH.S) underwriter has been awarded nearly 1.3 million pounds ($1.6 million) by a London employment tribunal for sexual discrimination and unfair dismissal. Julia Sommer joined Zurich-based Swiss Re in 2017 as a political risk underwriter in London but was made redundant in 2021, months after returning from maternity leave. She sued Swiss Re, seeking just over 5 million pounds, saying a senior manager commented about her breasts, made references to sex and discriminated against her. The Central London Employment Tribunal ruled last year that her redundancy was "retrofitted" to a pre-existing decision to dismiss her and that a senior manager repeatedly humiliated her. A Swiss Re spokesperson said in a statement: "We are aware of this judgment, which is self-explanatory and which we have given careful consideration to.

Persons: Julia Sommer, Sommer, Sam Tobin, Tomasz Janowski Organizations: Swiss Re, Swiss, Central, Central London Employment, Thomson Locations: London, Zurich, Central London, –

The logo of Swiss bank UBS is seen at its headquarters in Zurich, Switzerland October 25, 2022. UBS was 8th in Refinitiv's global M&A league table in the first half of 2023, down from 6th a year earlier. Steve Pettigrew, who just joined UBS from Bank of America Corp (BAC.N), would be leading software M&A under Braham, according to the sources. Some Credit Suisse technology bankers may lose their jobs as part of the shake-up, while others may be retained or also be promoted, the sources said. Reuters reported on Wednesday that Credit Suisse had initiated broad layoffs in New York.

Persons: Sergio Ermotti, Laurence Braham, Lesueur, Steve Pettigrew, Braham, Neil Meyer, Milana Vinn, Amy, Jo Crowley, Jane Merriman Organizations: Swiss, UBS, REUTERS, UBS Group AG, Credit Suisse, Swiss Re AG, Barclays Plc, Bank of America Corp, Barclays, Reuters, Suisse, Credit Suisse's, Thomson Locations: Zurich, Switzerland, Swiss, dealmaking, United States, Americas, New York, London

☆ Cyber Insurers Turn Attention to Catastrophic Hacks
▼ + stars: | 2022-11-28 | by ( James Rundle | ) www.wsj.com time to read: +5 min

While cyber insurance has evolved significantly in recent years, insurers say they might still be unprepared for the fallout from a catastrophic cyberattack. “I think it’s important we stress that the insurance industry has not had a catastrophic event,” said John Coletti, head of cyber reinsurance at Swiss Re. “We have hundreds of years of history of understanding that risk,” Mr. Tiernan said. Part of the challenge for modeling cyber catastrophes is that historical data simply doesn’t exist to produce accurate models, Mr. Tiernan said. “We probably need to pay a little more attention to the assumptions that underpin them.”Write to James Rundle at james.rundle@wsj.com

Search resuls for: "Swiss Re AG"

3 mentions found