IGP hosts the Americas regional version of its international employee benefits seminar in Sao Paulo, Brazil, on September 15, 2016. During the seminar, HR professionals, C&B specialists, Risk Managers and Finance Executives of all levels have the opportunity to discuss past, current and future employee benefits trends with industry specialists and their peers. A mix of country panels with a focus on the Americas is provided, along with topical

IGP hosts the Asia-Pacific regional version of its international employee benefits seminar in Singapore on September 29, 2016. During the seminar, HR professionals, C&B specialists, Risk Managers and Finance Executives of all levels have the opportunity to discuss past, current and future employee benefits trends with industry specialists and their peers. A mix of country panels with a focus on the Asia-Pacific region is provided, along with topical plenary

IGP hosts the EMEA regional version of its international employee benefits seminar in Windsor, U.K. from May 24 to 26, 2016. Windsor is located 40 km to the West of London. During the seminar, HR professionals, C&B specialists, Risk Managers and Finance Executives of all levels have the opportunity to discuss past, current and future employee benefits trends with industry specialists and their peers. A mix of country panels

IGP hosts an event aimed at Malaysian subsidiaries and advisors in Penang, Malaysia on Wednesday on April 27, 2016. The programme includes an introduction to pooling and other topical sessions about employee benefits trends. There is no fee to attend. More information and registration here.

IGP hosts an event aimed at Malaysian subsidiaries and advisors in Kuala Lumpur, Malaysia on Tuesday on April 26, 2016. The programme includes an introduction to pooling and other topical sessions about employee benefits trends. There is no fee to attend. More information and registration here.  

IGP hosts an event aimed at Indonesian subsidiaries and advisors at Manulife’s offices in Jakarta, Indonesia on Tuesday, April 19, 2016. The programme includes an introduction to pooling and other topical sessions about employee benefits trends. There is no fee to attend. More information and registration here.

Did we lose our focus on global employee benefits? Hopefully not! In fact, global employee benefits do include insurance and assistance services pertaining to international travel, so we thought you might be interested in hearing this fascinating news from one of our adjacent industries, travel, as reported in February 2016 by B2B website travelmarketreport.com . Available as a mobile phone app, OneGo offers unlimited U.S. domestic flights on plans

Marco Fattori has taken over the leadership of the account management team as Head of Account Management. In this new position he will be leading the client service teams of Allianz Global Benefits around the world. He will directly report to François Jacquemin, Head of Products & Solutions. Prior to this Marco Fattori has worked as an Account Manager since February 2014, servicing multinational corporations and global brokers in

Barry Perkins has been appointed Regional Director U.K., with responsibility for client management and sales activities. Barry will be relocating to London and will report to Dirk Hellmuth, CEO of Allianz Global Benefits. Before his new position, Barry was Head of Account & Tender Management in the head office of Allianz Global Benefits in Munich, in charge of client service delivery and the operational management of the client teams

Lockton Global Benefits is hosting its annual Global Benefits Forum in three locations in 2016: Chicago, London and Singapore, responding to a growing trend among corporations to reduce travel by employees. Regardless, in-person meetings and conferences are still irreplaceable for focused learning and for networking; hence, industry conferences are a good investment of time and money for global employee benefits practitioners and experts alike. The theme of each Forum

Lockton Global Benefits is hosting its annual Global Benefits Forum in three locations in 2016: Chicago, London and Singapore, responding to a growing trend among corporations to reduce travel by employees. Regardless, in-person meetings and conferences are still irreplaceable for focused learning and for networking; hence, industry conferences are a good investment of time and money for global employee benefits practitioners and experts alike. The theme of each Forum

Lockton Global Benefits is hosting its annual Global Benefits Forum in three locations in 2016: Chicago, London and Singapore, responding to a growing trend among corporations to reduce travel by employees. Regardless, in-person meetings and conferences are still irreplaceable for focused learning and for networking; hence, industry conferences are a good investment of time and money for global employee benefits practitioners and experts alike. The theme of each Forum

Willis and Towers Watson completed their merger in early January 2016 and became Willis Towers Watson (WTW). The go-ahead decision on the USD 18 billion deal was made by shareholders in an early December 2015 vote, after the terms were changed in several increments during the preceding five months as Towers Watson shareholders were unhappy with the terms offered. Driven by both firms’ management, the deal had been announced

European Union authorities signal a stronger commitment towards furthering the integration of private pension systems across Europe and extending the single market to insurance and pensions. In November 2015, the European Commission highlighted efforts by a number of countries in reforming their first-pillar pension systems, especially in the view of increased longevity. At the same time, it insisted that further steps needed to be taken by member states to

Medical inflation appears to have slowed down in the U.S. in 2015, the average increase of health care rates for mid-size and large employers was 3.2% against 4.4% in 2014 and an expected 4.1% in 2016. Lower utilization levels due to reduced purchasing power of individuals and lower increases in medical prices contribute to this modest and perhaps temporary slow-down. The average total health care cost per employee, including

Ludovic Bayard, formerly Chief commercial officer of Generali’s GEB unit, is promoted to the position of general manager, effective December 1, 2015. This is one of the outcomes of a comprehensive strategic review of GEB’s operations conducted in the second half of 2015, involving Generali’s top executives up to and including the group’s Group management committee. Other decisions pertaining to GEB’s strategy will be announced in early 2016. At

Global composite insurer Zurich in December 2015 announced the appointment of Gary Shaughnessy as CEO Global Life as well as to the Group Executive Committee. He succeeds Kristof Terryn who was appointed CEO of Zurich General Insurance in October 2015 and still acted as interim CEO for the Global Life unit (see here). Mr. Shaughnessy has been CEO of Zurich U.K. Life since June 2012; in 2014 he assumed

Frank A. Schmid is the new Head of AIG’s Group Benefits business and of the Disability Product Center of Excellence, GBV learned in December 2015. Frank holds a PhD in economics and a post-doc in finance from the University of Lüneburg, Germany. Dr. Schmid published numerous scholarly papers in finance and economics and was affiliated with the University of Pennsylvania, the University of Vienna, Free University of Berlin, CERGE-EI

In a  major restructuring effort, financially challenged Zurich Group in December 2015 said it will eliminate or move as many as 1,800 jobs, and announced the resignation of CEO Martin Senn. Tom de Swaan, the Chairman of the Board of Directors since 2013, has been appointed CEO ad interim. Zurich cited the August explosions at the port in Tianjin, China, and a poorly performing U.S. auto book of business

Human-resources startup Zenefits may be falling short of its revenue targets and has apparently started to curb expenses, as it struggles to meet investor expectations. Zenefits had announced a target of USD 100m in annualized revenues to be reached by January 2016 but may fall short as August 2015 actuals are understood to be slightly under USD 45m, still a large increase compared to USD 20m in January 2015.

According to traditional financial theory, a firm’s value is a function of its existing net worth and of its future profits. The way in which stock markets value large, traditional, listed brokers appears to be consistent with this. The table below includes some of the largest brokerages / consulting firms in the world and was compiled on November 23, 2015. As of late November 2015, the five firms exhibit

Signaling an increased commitment to the global employee benefits industry, global insurance powerhouses MetLife and AXA in late October 2015 announced they will combine their existing MAXIS Global Benefits Network (MAXIS GBN) operations in a new co-owned joint venture company based in London. Mauro Dugulin, formerly CEO of Generali Employee Benefits Network (GEB), will serve as CEO. MAXIS has been headquartered in Paris and New York since its inception

The 1,500-participant, sold-out event in the Bataclan concert hall was sponsored by music production firm Universal Music Group, a division of Vivendi Universal, who had invited a large number of guests, mainly managers and executives from the advertising, media, music, and broadcasting industries. As soon as Saturday, November 14, most large French brokers and TPAs had set up rapid-response teams and call centers, providing psychological and other support to

In response to questions asked by several GBV subscribers and readers, our three team members who are based in Paris were not harmed in any of the November 13 terrorist attacks in Paris and its outskirts. While some had family members at the Stade de France soccer stadium, luckily none were injured in the bombings there. Sadly, Marc Signorel, CEO of our web agency OuterRim, lost two close friends,

Zurich presented the “Zurich International Programs for Employees” at the October 2015 biannual meeting of the Federation of European Risk Management Associations (FERMA). The new product, to be launched in 2016, allows multinationals to manage their employee benefits coverages through a single global program, combining local policies with cross-border policies; as well as providing centralized data and reports. From a marketing standpoint, the new product is aimed squarely at

AXA Group’s AXA PPP healthcare unit in the UK in August 2015 launched its “Corporate Health Plan for Mid Corporates”, geared towards small-to-midsize businesses (SMBs) from 65 to 250 employees, that provides access to medical diagnosis and to approved treatments and drugs to get employees back to health and back to work quickly. Features usually reserved for larger groups include networks of quality-assessed healthcare providers: over 250 hospitals, 400

Theo Lutgendorff joined in November 2015 as partner in Sprenkels & Verschuren, Actuaries and Consultants, in Amsterdam. He previously worked at Zurich Global Life as global partnership director (2013-2015), and as head of the Zurich Employee Benefits Network (2010-2013). Before his roles at Zurich, Theo was active in the global benefits and pensions market as principal with Aon Consulting. Sprenkels & Verschuren is the largest privately held and independent