Four property/casualty insurance industry companies have been recognized as a “World's Most Ethical Company” by the Ethisphere, a New York-based think tank.
Brokerage Arthur J. Gallagher & Co., insurer Hartford Financial Services Group Inc., Japanese insurer Sompo Japan Insurance Inc. and Swiss Re Ltd. were among the 144 companies recognized for their ethical conduct, according to a list released Thursday by Ethisphere.
The Most Ethical Company designation “recognizes companies that truly go beyond making statements about doing business ethically and translate those words into action,” according to a statement posted on Ethisphere's website. “World's Most Ethical Company honorees not only promote ethical business standards and practices internally, they embed the theory of 'conscious capitalism' into everything they do, every employee they hire, and every partner they bring into their network to ensure they deliver long-term value to key stakeholders including customers, suppliers, regulators and investors.”
“This is the third year in a row that Gallagher has been honored with this award, which reflects how we focus on conducting our business with integrity and strong ethical values,” said Gallagher Chairman, President and CEO J. Patrick Gallagher Jr., in a statement.
Hartford “strives to exemplify exceptional character in all that we do," said Alan Kreczko, Hartford's executive vice president and general counsel, in a statement. “Receiving this award for the sixth time demonstrates our continued commitment to upholding the highest level of ethics to our employees, customers, business partners, neighbors and investors.”