Insurer – Country of Destination – Date Announced – Source MS Amlin – Brussels – 28 June 2017 – Press release Lloyd’s of London – Brussels – QBE – Brussels – CNA Hardy – Luxembourg – RSA – Luxembourg – AIG – Luxembourg – FM Global – Luxembourg – Hiscox – Luxembourg – Liberty Mutual, Special Markets – Luxembourg – Admiral – Dublin – Beazley – Dublin – Chesnara –

Zurich in September 2017 announced the appointment of Peter Huber as Chief Executive Officer, Zurich International. He reports to Patrick Manley, CEO of Zurich Insurance and Chief Administrative Officer for the Europe, Middle East & Africa (EMEA) region. Zurich International includes the international life businesses in the Isle of Man, Middle East and Zurich International Corporate Solutions (including Zurich Eurolife based in Luxembourg). Peter Huber had been working as

Data breaches and cyber security are a significant concern with U.S. businesses expecting to see an all-time high of nearly 1,500 reported data breaches in 2017. Business owners need to be more vigilant than ever in order to avoid these near-certain attacks, and to protect their employees’ and customers’ personally identifiable information (PII). Generali Global Assistance, in cooperation with the Identity Theft Resources Center (ITRC), in August 2017 released

GeoBlue, the international health insurance provider of the Blue Cross and Blue Shield Association, in August 2017 announced the appointment of Linda Cote to Vice President, Corporate Sales and Account Management. Linda Cote brings 13 years of international experience from Aetna International, where she held sales and leadership positions within the organization. Prior to her tenure at Aetna, Linda spent 14 years within the domestic health insurance market, where

GeoBlue, the international health insurance provider of the Blue Cross and Blue Shield Association, in August 2017 announced the appointment of Jill Milliken to Vice President of Scholastic Sales. The Scholastic business unit for GeoBlue provides educational institutions the international healthcare and assistance services their schools need for both study outside of the U.S. and inbound programs. Jill Milliken comes to GeoBlue from Generali Global Assistance where she was Vice

US-based employee benefits consultants United Benefit Advisors (UBA) in August 2017 published a report revealing that, contrary to common belief, small businesses are keeping pace with large employers when it comes to offering health benefits to their employees. The report, “Small Business Health Care: How Employees Are Faring,” outlines how employees across all plan types pay an average of $3,378 toward annual health insurance benefits, with their employer picking

Management consulting firm McKinsey & Company in August 2017 published an article, “A 360-degree approach to patient adherence” that discusses how an insight-driven approach can help when patients drive up healthcare costs by neglecting their treatment regimens. The article points out that 50 to 60 percent of patients are likely to skip medications, follow-up appointments and other treatment protocols, which places them at risk for complications and overall worsening

The strategic partnership between Allianz and Brokerslink, a company of brokers and risk consultant firms, is intended to give small and mid-sized enterprises better access to Allianz worldwide expertise and market access solutions. Brokerslink was created in 2004 as a global network of independent brokers. Since then, it has integrated a number of risk expert firms with a view to becoming a credible alternative to the mainstream models in

Europ Assistance Holding in August 2017 appointed Fabio Carsenzuola as the new CEO and General Manager of Europ Assistance Italy, a member of the Generali Group. Carsenzuola replaces Bruno Scaroni, who was recently named Strategy & Business Accelerator Director at Generali Group. He began his professional career as project leader in Pride Group and later worked for management consulting firm McKinsey, where he focused on banking and insurance in

David Wichmann, president of UnitedHealth Group, in September 2017 succeeds Stephen Hemsley as the company’s chief executive officer and becomes a director of the company. In his previous position, Wichmann oversaw UnitedHealthcare’s domestic and international businesses; he also served as group chief financial officer. Earlier, he held positions as president of UnitedHealthcare; president and chief executive officer of Specialized Care Services (now OptumHealth); and senior vice president, corporate development.

Global Benefits Vision is proud to announce the release of the new Global Employee Benefits and Global Mobility Directory! Our vision is for the directory to be the core record of Employee Benefits and Global Mobility providers in the industry, and a one-stop shop for company data and contact details at your fingertips. We will be revising it periodically to ensure the data remain current and to add new

Massachusetts Mutual Life Insurance Company (MassMutual) in August 2017 sold its Hong Kong-based subsidiary, MassMutual Asia, to Yunfeng Financial Group and other Asia-based investors for approximately $1.7 billion, including a 24.8% stake in Yunfeng Financial Group. MassMutual Asia owns a P/C insurer and MassMutual Trustees, which focuses on the Mandatory Provident Fund business, a compulsory pension plan for the retirement of residents in Hong Kong. According to the joint

After acquiring Norwegian insurer Gjensidige’s marine and energy portfolio in February 2016, U.K.-based Compre in August 2017 acquired its U.S. asbestos, pollution and health hazard risks, marking Compre’s fifth acquisition in 2017 and the 25th overall. At this time and according to its 2016 SFCR (Solvency and Financial Condition Report), Compre appears to be active in P/C risks only, including general liability, casualty, and marine, aviation and transport. Gjensidige

A woman from British Columbia, Canada, was issued a lifetime ban at the U.S. border after U.S. Customs & Border Protection (CBP) officials found an email conversation with her doctor on her smartphone that indicated she had survived a fentanyl overdose. Fentanyl is a powerful opioid pain medication that sometimes is illicitly manufactured and used as a recreational drug, causing many overdose deaths. The 28-year-old woman did not have

– “Are you prepared for the future of work?” This is the question addressed in the July 2017 issue of the Deloitte University Press Review, studying trends that are shaping the future of work – from new talent models, cognitive tools and augmented reality, to the gig economy and more – and how companies and employees alike can take action to define what’s next. “Future of Work” refers to

Total global fintech investment more than doubled quarter over quarter in Q2’17 to US $8.4 billion, up from US$3.6 billion in Q1’17, according to the KPMG Pulse of Fintech report. The fintech market rebound was helped by global M&A investment, with US$5.9 billion in deal value for M&A for the quarter. Comparatively, global VC funding to fintech companies declined slightly, with just over US$2.5 billion in VC funding raised

U.S.-based Wamberg Genomic Advisors and Global Healthcare Resources in July 2017 announced a new partnership designed to bring genomic testing to insurance professionals and employer groups. This partnership proposes to educate insurance professionals about the potential of genetic testing and integrating these tests into employee benefit packages, thereby creating a healthier workforce that is engaged in, and informed of, their health. Advanced cancer genomic profiling uses techniques such as

A July 2017 report by Research Nester indicates that the corporate travel insurance market expects to see robust growth from 2017 to 2024 at a rate of 8.6% per year (CAGR  – Compound Average Growth Rate) over the forecast period, thanks to an increase in business travel. The European region accounts for the largest market share in the global corporate travel insurance market, followed by Asia-Pacific, while Europe is

The 2017 Cigna 360o Well-being Survey of Globally Mobile Individuals, released in July 2017, shows that Britons’ sense of personal well-being has seen a sharp decline over the past three years, as financial pressures mount and put strains on family health. The U.K. has fallen from third to eighth place of the 13 countries in the study, and now lags behind India and China. Researchers looked at five main

Arthur J. Gallagher in August 2017 announced the acquisition of Michigan, U.S.A.-based Ballard Benefit Works, a boutique employee benefit and health care finance brokerage, consulting and insurance agency. Ballard Benefit Works, founded in 2009 by Justin Spewock, serves public, private and not-for-profit clients primarily throughout , Washington, D.C. and Florida. It specializes in the development of alternative models for healthcare delivery. Ballard will operate under the direction of John

Almost three-quarters of insurers believe the insurance sector has failed to show leadership in digital innovation due to regulations, reluctance, and cost, according to a January 2017 survey by Willis Towers Watson (WTW) with Mergermarket. The survey identifies where insurers see the biggest holes in their digital capabilities and reveals how they plan to close these gaps. The respondents cited cost as one factor affecting the lack of meaningful

More than 90% of C-suite executives and board members are making or are considering making changes in their supply chains and international footprints due to the current political and economic environment, according to a July 2017 A.T. Kearney Global Business Policy Council study. C-suite executives see challenges in rising political risks and increasingly populist and protectionist policies in democratic countries. For the second year in a row, respondents also

A rogue employee attempting to make a profit on the Dark Web in 2017 breached the data systems of Bupa, a U.K.-based international health insurer. The employee, who goes under the codename “MoZeal” and who offered the database for sale on Alpha Bay, one of many sites on the Dark Web, has exposed data for 108,000 policies and claims to have information for as many as one million customers.

U.S. insurer Country Financial in July 2017 published its tenth Country Financial Security Index survey. Ten years after the beginning of the 2007 financial crisis known as the Great Recession, nearly 30% of Americans believe they have yet to recover financially or that they never will, despite signals from the Federal Reserve that the U.S. economy is growing. The survey reveals that this is due in large part to

U.S. healthcare organizations are finding it increasingly difficult to transition from fee-for-service to fee-for-value care because of competing priorities and uncertainty over regulations according to a report released in July 2017 by Ernst & Young’s Health Advisory Services.  The survey queried 700 U.S. healthcare professionals. Among the findings are four key factors that challenge the shift to value-driven care: System inefficiencies that escalate the cost of care delivery Clinical

Lemonade, an U.S. property/casualty insurance company “powered by artificial intelligence and behavioral economics”, in June 2017 released two surveys conducted in April 2017 that appear to indicate it had overtaken Allstate, GEICO, Farmers, Liberty Mutual, Progressive, State Farm, USAA and all other legacy insurers, when it comes to first-time purchasers of renter’s insurance in New York State. The first of two Google surveys (500 respondents) compared Lemonade’s market share in

Cigna in July 2017 announced it had acquired Zurich Insurance Middle East (SAL). The newly-acquired company will be called “Zurich Insurance Middle East, a Cigna-Owned company” in line with local regulations. Cigna’s strategy in the Middle East is to deliver group health products and services for small businesses and family-owned enterprises through to multinational companies. Arthur Cozad, former CEO of Cigna Taiwan, has been named as CEO for Middle