According to a June 2015 International Foundation of Employee Benefit Plans (IFEBP) survey of its members, U.S. employers, of the 83% of organizations that do offer a form of education assistance or tuition reimbursement to their employees, 75% reported the program as successful despite the fact that in many organizations, less than 5% of eligible employees participate in the programs. Education assistance programs provide an employee with a fixed
For the PDF version, click here. October, 2015 As he eased into his new position of President of Lockton Benefits, Bob Reiff answered the questions of Global Benefits Vision and reflected upon the challenges ahead. Global Benefits Vision: Give us a little background about your career. Bob Reiff: I’ve only been president of Lockton Benefit Group since January 1 though I’ve been with Lockton for five years, serving as
Swan Insurance is the new IGP partner in Mauritius, providing employee benefits: health, life and retirement as well as P&C coverage. Mauritius has thriving BPO and textile sectors in addition to tourism. The partnership with Swan gives IGP the possibility to pursue fronting arrangements in several East African countries.
Allianz Worldwide Care announced in October 2015 the appointment of Alexis Obligi as Director of Sales and Marketing and member of the Executive Committee, joining from Henner where he was Deputy Managing Director of International & Corporate Business Development. Obligi’s appointment follows that of Ida Luka-Lognoné as CEO in July 2015, succeeding Ron Buchan who retired and became chairman of the board. Obligi reports to the CEO and replaces
AIG in the UK have announced in September 2015 the launch of their “Expatriate Care” product, aimed at UK-headquartered organizations with expatriate employees. Interestingly, AIG has partnered with Paris, France – based broker and TPA Henner. One of Henner’s division is a medical plan administrator with a network of 35,000+ medical providers in 160 countries, with discounts and direct billing arrangements. The AIG UK product includes a medical second
Rick Jelinek joined Aetna in October 2015 as executive vice president in charge of the Aetna-Humana integration, as well as of Aetna’s enterprise strategy. In July 2015, Aetna announced plans to acquire Humana, which would approximately double its size. Jelinek reports to Aetna’s Chairman and CEO Mark T. Bertolini and joins Aetna’s Executive Committee. Prior to Aetna, Jelinek was an operating partner with Advent International, a private equity firm.
Aon Benfield in September 2015 announced the appointment of Colin Dutkiewicz as Director of its Accident, Health and Life team, based in London and reporting to Roger Smith, Head of Aon Benfield’s Accident, Health and Life team. Colin joins Aon from Swiss Re, where he spent five years as head of pricing for Africa, client markets director for UK & Ireland, and most recently as global corporate actuary. Prior
Most Western Europeans underestimate their personal risk of becoming unable to work, according to an August 2015 survey by Zurich covering six European countries. Respondents generally tend to overestimate accidents as a leading cause of disability. But at the same time, they are unaware that the probability of becoming work-disabled during one’s working lifetime – whether due to an accident or other causes – may be as high as
The announcement of the impending replacement of Kristof Terryn as CEO of Zurich’s Global Life business unit is apparently the first step in a wider reshuffle. Being promoted to CEO of Zurich’s General Insurance unit is an indication that Terryn was successful in implementing Zurich Group’s strategy in life insurance. Current rumors have it that an external search for a new Global Life leader has been initiated; this does
Zurich announced in September 2015 that Kristof Terryn, currently CEO of Global Life, will take over as CEO of General Insurance, effective October 1, 2015. He replaces Mike Kerner, who held the job since September 2012. Kristof Terryn will continue to run the Global Life business until a replacement is announced. A 48 year old Belgian, Kristof Terryn has been CEO of Global Life since August 2013, and a
Lockton in August 2015 appointed former Allianz Group executive Guilherme Perondi Neto as deputy CEO of its Brazilian subsidiary, Lockton Brazil. His career included stints at credit insurer Euler-Hermes, a member of Allianz group, and at several corporates as credit manager. He holds an MA in strategic management from Universidad Europea del Atlantico, Spain, and an Executive MBA from IBMEC in Brazil.
As of January 1, 2016, American International Group (AIG) will freeze defined benefit (DB) pension plans for its U.S. employees and enhance its offering of 401(k) defined contribution (DC) plans. In so doing, AIG ceases incurring additional pension liabilities and transfers risk onto the shoulders of its employees. De-risking pensions by reducing DB exposure is a common course of action since the mid-2000s, recommended by insurers and consultants alike.
IEBA Chairman Marco Giacomelli‘s interview with Global Benefits Vision is available here as a PDF file. IEBA, the International Employee Benefits Association, is the largest organization of people working in global employee benefits, with more than 700 members from around the world. Website : ieba.org.uk
Chubb do Brasil joined the AIG Global Benefits Network in July 2015. Chubb has been present in Brazil since 1845 and has been developing an Employee Benefits desk since the 1970’s. Chubb will pool Group Life and its riders in Brazil. With this addition, AIG GBN continues its expansion in Latin America.
THE INAUGURAL ISSUE OF Global Benefits Vision MAGAZINE IS NOW ON-LINE AS PLANNED. On September 9, 2015 at 09:09 UTC and right on schedule, the GBV team released the first issue of the magazine. It is available for subscribers at www.global-benefits-vision.com/the-inaugural-issue/ ! As of release time, GBV has 549 subscribers, most of them belonging to organizations having purchased a group subscription and to their corporate clients. Going forward, GBV is looking forward to having many
Read the (prospective) client survey conducted in December 2014, as published in the Inaugural Issue of Global Benefits Vision magazine here
In late June 2015, GBV learned that AIG Benefit Solutions President and CEO Curt Olson was about to leave AIG. Only a few weeks earlier, Olson had led AIG’s comeback in the global employee benefits market, five years after the sale of the “old” AIG network along with other ALICO assets to MetLife. In late April 2015, AIG acquired a majority stake in ING’s ING Employee Benefits – Global
LaLux insurance company has acquired a further 75% stake in health insurance carrier DKV Luxembourg which it nows wholly owns. LaLux will implement a full operational integration of DKV Luxembourg in the coming months. The second-largest domestic insurer in Luxembourg behind Le Foyer, LaLux is the AIG Global Benefits Network partner for Luxembourg and offers a full range of group life, health and pension benefits as well as other
Sören Schulze joined Allianz Global Benefits in June 2015 as Senior Network Manager based in Munich. In his new position, he is responsible for the operational and day-to-day management of the network insurers within the Allianz Global Benefits network and reports to Dr. Reinhardt Schink, Head of Market Management. Sören Schulze started his professional career at Generali Employee Benefits in Frankfurt, Germany as an account executive. He continued his
David Myers was appointed head of Global Broker Life & Health Development in January 2015, based in Munich. In his new role he is responsible for strategic engagement with global brokers. He directly reports to Dirk Hellmuth, CEO and Head of Sales & Distribution of Allianz Global Benefits. Earlier, he was part of the Allianz Group broker distribution team where he has been for four years, the last two
Adam King was appointed Regional Director for the Americas in June 2015, based in Chicago. He is responsible for Employee Benefits sales and distribution to multinational companies in North and South America. In this role he directly reports to Dirk Hellmuth, CEO and Head of Sales & Distribution of Allianz Global Benefits. Before joining Allianz Global Benefits, he was with MetLife/Maxis and in charge of business development in the
In a compact, fast but mid-resolution version, the prototype issue of Global Benefits Vision magazine is now made available to you on-line. Its contents are identical to the version published a few days ago. Let us know which one you prefer: the fast one, or the hi-res one? Please note that most of the contents of the prototype issue is based on articles published elsewhere and rewritten for Global
Sheldon Kenton reports to Robert Lang, Managing Director for Bupa Global, and is a member of the Bupa Global executive team. The newly created role of Global Commercial Director focuses on sales to corporate clients, on health benefits, as well as on institutional distribution partnerships. Kendon had been with Cigna since 1997, lastly as global head for sales of international employee benefits, and relocates from Philadelphia, PA. He holds
A prototype issue of Global Benefits Vision magazine is made available to you online three weeks ahead of the launch of the Inaugural Issue. Please note that most of the contents of the prototype issue is based on articles published elsewhere and rewritten for Global Benefits Vision. The real thing, beginning with the Inaugural Issue on September 9, 2015, will feature original, up-to-date material only. This content
HR software provider ADP, GoHealth insurance technology firm offer a private health exchange in the USA
Payroll software and services provider ADP and the GoHealth Insurance platform that offers subsidized health insurance plans under the Affordable Care Act, have together launched a private health exchange that enables employers to assist both full-time employees and the contingent workforce, i.e. part-time, temporary and contract workers ineligible for employer-sponsored coverage, in selecting health plans. Apparently in an effort to leverage up-to-date, detailed employee data from its clients’ payrolls,
Eating a group of specific foods may slow cognitive decline among aging adults, even when the person is not at risk of developing Alzheimer’s disease, according to researchers at Rush University Medical Center, in a study recently published online in the journal Alzheimer’s & Dementia: The Journal of the Alzheimer’s Association. The MIND diet, which is short for “Mediterranean-DASH Diet Intervention for Neurodegenerative Delay,” is a hybrid of the Mediterranean