The global health crisis dramatically transformed how we operate, pushing numerous companies into a remote working model, while others adopted a blend, known as the hybrid model. Recent statistics from Pew Research Center indicate that 35% of employees capable of remote tasks are sticking to a fully remote routine, and 41% are following a hybrid schedule. Yet, as the dust settles post-COVID-19, many corporates like Zoom and Meta are

In an anticipated leadership shake-up, Bruce Broussard, Humana‘s CEO with over a decade at the helm, will relinquish his role as the head of the insurance giant known for its brands like CenterWell in home health, pharmacy, and primary care domains. Taking his place, starting January 8, 2024, will be Jim Rechtin, who currently leads Envision Healthcare. This transition will see Rechtin collaborating closely with Broussard until the second

Leading B2B2C insurance provider, Allianz Partners, joins forces with global insurtech giant, bolttech, to introduce advanced device and appliance insurance in the Asia Pacific and the US. This strategic alliance leverages the unique strengths of both companies, aiming to seamlessly integrate insurance offerings during customer interactions. This collaboration will offer integrated solutions for businesses like e-commerce platforms, telecom providers, banks, insurers, and OEMs. The goal? Simplifying the process for

Bharti Life Ventures is on track to secure full ownership of Bharti AXA Life Insurance Company. On Wednesday, Bharti Group announced a definitive agreement to purchase AXA’s 49% share in the life insurance entity. This move follows the 2020 decision by Bharti and AXA to integrate Bharti AXA General Insurance with ICICI Lombard and AXA’s subsequent departure from ICICI Lombard’s shareholder list. The deal is anticipated to finalize by

APRIL International, a leading French and global health insurance provider, is proud to share its recognition as the Top International Individual Health Insurance Provider at the Health & Protection Awards 2023. This distinguished honor complements the firm’s growing list of accolades, including a consecutive 5-star service rating in the 2023 International Private Medical Insurance Report by Health and Protection. Recently, APRIL International held its debut broker conference in London.

In a straightforward and strategic organizational move, Generali has appointed Giulio Terzariol to lead its newly established “Insurance” Division, effective January 2024. This appointment marks a significant development in Generali’s organizational structure, consolidating all of its Insurance Business Units into one unified Division. Giulio Terzariol, with a rich history in the insurance sector, will step into the role of CEO Insurance, a position that entails comprehensive oversight of all

Aegon N.V., a notable entity in the financial and insurance sector, has embarked on a pivotal journey, aiming to shift its legal domicile from the Netherlands to Bermuda, as elucidated in their Shareholder Circular dated September 29, 2023. This strategic move, which is set to be voted upon at the Extraordinary General Meeting of Shareholders, is not merely a geographical shift but is embedded with intricate financial, regulatory, and

In a pivotal announcement at the recent broker conference in London, Eric Maumy, CEO of the insurance distribution titan, APRIL Group, and its subsidiary APRIL International UK, unfolded a bold three-year growth blueprint, particularly spotlighting the International Private Medical Insurance (IPMI) division. The strategy, meticulously crafted, is not merely a response to the current market dynamics but a forward-thinking approach to harness both the UK and global markets with

Luxembourg’s leading insurer Foyer in July 2023 announced the completion of the acquisition of iPMI carrier Globality from ERGO Group, after receiving approval from the regulator, Commissariat aux Assurances. The new company includes Foyer Global Health, the international health insurance and services provider for globally mobile people within Foyer Group, and Globality Health, previously part of ERGO Group, which in turn is owned by Munich Re. Foyer Global Health

Foyer, Luxembourg’s leading privately owned financial group, in March 2023 acquired Globality Health from ERGO Reiseversicherung (Ergo Travel Insurance), part of ERGO Group. ERGO is the retail division of Munich Re. Leadership in international health insurance With this acquisition, Foyer is investing in a high-potential business sector and strengthening its position in international health insurance for expatriates, an activity it has developed since 2014 through Foyer Global Health. Globality’s

Based in Lyon, France, wholesale broker April in November 2022 was acquired by U.S. venture capital firm Kohlberg Kravis Roberts (KKR). Previously owned by CVC Capital Partners, another venture capital firm which had acquired April from its founder Bruno Rousset in 2019, the company changed hands for a reported EUR 2.3bn. Present in 18 countries with 2 300 employees, the company in 2021 earned EUR 544 million in fees

Zurich Global Employee Benefits Solutions (ZGEBS) in October 2022 announced that Sompo Himawari Life Insurance (SHL), the life insurance company of Sompo Holdings in Japan, joined the ZGEBS network. Alan Chua, Director, Customer & Distribution Management APAC, ZGEBS, commented that “[…] Zurich will now offer SHL’s “Insurhealth” solutions to Zurich’s multinational customers in Japan. […]”. The Insurhealth group product, by combining the original functions of insurance and healthcare, “provides

Allianz Global Corporate & Specialty SE (AGCS) in July 2022 announced it had merged its captive solutions team into its multinational business. AGCS’s multinational business provides ART (alternative risk transfer), global programs, captive fronting, and reinsurance to large and mid-sized companies as far as P/C coverage is concerned. Guy Money, previously global head of product at AGCS, is the new global head of multinational business. He is based in

Generali in June 2022 announced a reorganization of its management structure that sees all its global business lines report into a new business unit, i.e. “France, Europ Assistance and Global Business Lines”. The three global business lines are: Generali Corporate and Commercial Generali Employee Benefits (GEB), including iPMI activities known as GGH (Generali Global Health) Arte Generali GEB, headed by Ludovic Bayard since May 2022, previously reported to the

IPEBLA, the International Pension and Employee Benefits Lawyers Association, in June 2022 announced it would hold its Eighteenth Biennial Conference in Amsterdam, Netherlands from August 28th to August 30th, 2022, the first conference it has held in person since Lisbon in 2019. IPEBLA conferences provide a forum for common and civil law lawyers from different countries to discuss current domestic and international issues affecting their practice in pension, executive

Zurich Insurance in January 2022 announced the sale of an Italian life and pension portfolio to Portuguese carrier GamaLife – Companhia de Seguros de Vida. The stated purpose is to reduce Zurich’s solvency requirements and free up capital. The amount of the transaction has not been disclosed, but the press release states that the Solvency Capital Requirement under Swiss solvency rules will “decrease by approximately $1.2 billion.” and that

The Worldwide Broker Network (WBN) in December 2021 announced the appointment of Alan Fergusson as Global Employee Benefits Practice Leader, reporting to CEO Olga Collins. Fergusson has over 20 years of experience in the employee benefits sector. Prior to this appointment, Alan has been a consultant for WBN and has been associated with the network since 2012 evolving the E.B. strategy and participating on the Board of Directors from

Willis Towers Watson in January 2022 announced it had changed its brand name to WTW. In France, WTW will drop the well-known Gras Savoye brand name in favor of WTW. Willis had acquired Gras-Savoye in 2015. Furthermore, WTW’s ticker symbol on the NASDAQ stock market will change to “WTW” instead of “WLTW”. These changes occur in the wake of WTW’s failed acquisition by Aon “as [the company now moves]

Allianz Global Benefits (AGB) and Sanitas, a healthcare specialist in Spain, in December 2021 announced a partnership agreement to globally provide group healthcare insurance programs to multinationals. According to Dirk Hellmuth, CEO of Allianz Global Benefits, Sanitas healthcare plans can be included in global employee benefits programs, such as Multinational Pooling, Captive Reinsurance and Global Underwriting. Javier Ibáñez, Managing Director of Sanitas Seguros, states: “We are very proud of

Coming shortly after the announcement of their merger, the new Diot-Siaci group, which is now the leading broker on the French market, in November 2022 finalized the make-up of its future executive committee. This new management body will include eleven members, coming from both Diot and Siaci. At the top of the group, Pierre Donnersberg, Chairman of Diot-Siaci, and Christian Burrus, Vice-Chairman and General Manager. Changes affecting international benefits,

Recently formed French mutual insurance carrier Aéma in October 2021 announced it has completed the acquisition of Aviva’s French operations. As a result, the company now ranks #5 among French insurance carriers. British seller Aviva plc received EUR 3.2 billion in cash for the sale of Aviva France, including its life, non-life, and asset management businesses. Aéma Groupe was launched in January 2021 by mutuals Macif and Aésio Mutuelle,

Global brokers Aon and Willis Towers Watson (WTW) in July 2021 announced they had mutually agreed to terminate their combination agreement after the U.S. Department of Justice (DOJ) filed an antitrust lawsuit against the $30bn deal. Aon also announced the extension of employment agreements for CEO Greg Case and CFO Christa Davies to April 1st, 2026, in a move to reassure financial markets. The merger was announced in early

Multinational pooling network IGP in May 2021 announced a new partner in Cambodia, Sovannaphum Life Assurance. Sovannaphum Life Assurance (SVL) is a joint venture between Canadia Investment Holding, the owner of Canadia Bank, and Muang Thai Life Assurance, IGP’s partner in Thailand. The company was granted full license as a life insurance Company by Ministry of Economy and Finance of Cambodia in December 2015 and started operations in 2016.

Life-insurance startup Ethos in May 2021 raised USD 200 million in a funding round valuing the business at more than 2 billion. The San Francisco, California-based company previously had raised a total of USD 100 million. Ethos is a producer and a third-party administrator (TPA) for life insurance carriers. Its platform allows customers to purchase life insurance policies online. Currently, the company works with a list of carriers that

Nowadays, any discussion around healthcare for your employees will inevitably center around Covid. At a time when the pandemic and its challenges are still making headlines as outbreaks, infection rates and vaccines flood every news bulletin, it’s easy to overlook the impact on other areas of healthcare. Many of these involve complex or life-threatening illnesses, such as cancer. Global Benefits Vision recently spoke to Further Group CEO Frank Ahedo about the impact that Covid is having on the treatment of serious medical conditions, and how this changing landscape will affect the way employees have access to treatment.

Paolo Lippi is the founder of consulting firm, LongueVue Analytics. Global Benefits Vision: Tell us about yourself – your career to date in a nutshell.

Swiss Re report advises employers reopening public spaces on reducing the risk of exposure to the COVID-19 virus.