Standard fired 13 over trading (Standard Life Assurance Co.)

Article Abstract:

United Kingdom-based Standard Life Assurance Co., dismisses 13 employees at its Montreal for alleged illegal trading resulting in losses of $500,000 for Standard Life customers. Twelve of the fired employees are suing the company.

Legal issues & crime, Personnel administration, Human resource management

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Shareholders grill Clarica brass over pay, options

Article Abstract:

Waterloo, Ont.-based Clarica Life Insurance Co.'s annual stockholders meeting included criticism of the company's management over salaries. Clarica, which is led by chief executive officer Bob Astley, has suffered from resignations of many of its sales personnel.

General services, Finance, Clarica Life Insurance Co.

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Standard's culture clash increased insurer's exposure to risk: report

Article Abstract:

Standard Life Assurance Co. found that its employees are divided along cultural lines, according to a confidential draft report. The employees are divided to the point where fear and resentment between francophones and anglophones increased the insurance firm's exposure to risk.

Public affairs, Liabilities NEC, Race relations

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