Gallagher in June 2018 named Todd Woodward as its head of global communications, where he will be responsible for developing, implementing, executing, and enhancing the global communications strategy for the entire Gallagher organization, both internally and externally. Woodward was most recently vice-president, corporate and brand marketing communications at Amway Global. He was also an associate vice-president, marketing communications for the University of Notre Dame from 2006 to 2011. Prior
Health insurance start-up Oscar Health in June 2018 announced it would sell Affordable Care Act (“Obamacare”) health insurance policies in six new markets as of 2019, adding three U.S. states – Florida, Arizona, and Michigan as well as three large metropolitan areas in Ohio, Tennessee, and Texas. Oscar offers individual products as well as a small group health plan targeted at small businesses of up to 100 employees, “Oscar
AIA in June 2018 announced the appointment of Daisuke Iwase as Group Chief Digital Officer (CDO) and a member of the AIA Group Executive Committee. Mr. Iwase currently serves as President of Lifenet, a listed digital direct life insurance company in Japan, which he co-founded in 2006 and took public on the Tokyo Stock Exchange in 2012. Lifenet provided over US$18.8 billion of insured capital and has more than
American International Group (AIG) and Munich Re in June 2018 announced that AIG Life Ltd. (AIGLL), a UK subsidiary of AIG Life & Retirement, has agreed to acquire Ellipse, a specialist provider of group life risk protection in the UK, from Munich Re. Ellipse’s group protection products, which include life, critical illness and income protection, along with its technology-enabled business model with high levels of straight through processing (STP),
AIG Life & Retirement, a division of AIG, in June 2018 announced the appointment of Adam Winslow as CEO, International. Winslow is now CEO of AIG Life Limited (U.K.), where he has led the business since its acquisition by AIG in 2015. In his new role, Winslow will lead AIG Life and Laya Healthcare in Ireland. He will also support potential further international expansion opportunities. Adam will continue to
Global broker Gallagher in June 2018 announced that Simon Matson will assume the role of CEO, UK brokerage and underwriting, leading a 4,500 strong team. Matson’s predecessor Grahame “Chily” Chilton will be stepping down later this year. Simon Matson is now head of Gallagher’s London Market and the founder of Alesco. He began his career in 1989 in the oil and gas division of a global insurance broker, eventually
Bleisure Travel and Corporate Liability Issues – A Debate Moving Around Has Big Health Benefits Three Things That Should Be Part of Any Weight Loss Efforts New Medical Advances in Fighting Obesity Why GPs May Not Be Able to Help You Lose Weight Benefits in Brazil – WBN Series – Ana Carolina Conduta Losco, Priscila Maria Lima Conduta Elias WBN – Worldwide Broker Network – San Antonio Conference Report
MAXIS Global Benefits Network in June 2018 launched ‘MAXIS Global Wellness’, a centralized wellness proposition based on comprehensive health analytics to help multinational organizations mitigate the soaring costs of healthcare. The solution is delivered via corporate employee benefits plans. It allows multinationals to target country-specific cost drivers identified via analytics to deliver focused wellness solutions to employees. The new product is underpinned by over four years’ global health data
Ardian and Edmond de Rothschild in June 2018 announced they would transfer control of French brokerage Siaci Saint Honoré (SSH) to its management with the support of investment fund Charterhouse. Investment fund Ardian now owns 51% and Edmond de Rothschild 19% of the company. The value of the deal, which is expected to close in September 2018, has not been disclosed but is understood to stand at a little
UNCTAD in June 2018 released a simulation of the impact of an all-out trade war on tariffs based on classical economic theory as validated by past observations. UNCTAD stands for United Nations Conference on Trade And Development. According to the report, the U.S. would impose average tariffs of 30% (vs. 7% now); the E.U. would increase its own average tariffs from 3% to 35%; Canada from 3% to 53%;
RSA Insurance Group in June 2018 said it received regulatory approval for its new insurance subsidiary in Luxembourg from the Commissariat aux Assurances (CAA). RSA, a P/C carrier, previously operated outside of the UK by way of an EU branch, focusing on large commercial clients. It writes approximately £350m in GWP and has over 5000 commercial policyholders including the UK. Richard Turner, who currently oversees EU business from the UK
Daniel Dubach in June 2018 joined Liberty Pension in Schwyz, Switzerland, as Director of Operations. He joins Liberty Pension from Swiss Life Global Solutions, where he was Vice President responsible for Germany and Latin America. He has 17 years of experience in international employee benefits, 6 years as reinsurance underwriter and 6 years in non-life insurance. He holds a BSc in Business Administration from the Lucerne University of Applied
OECD, the Organization for Economic Cooperation and Development, in June 2018 issued a new report, A Broken Social Elevator? How to Promote Social Mobility, that provides new facts on social mobility in the context of increased inequalities of income and opportunities in OECD and selected emerging economies. It looks at the issue across and within generations, in income, education, health and occupation, and at how these are linked to
AXA in June 2018 announced it had sold its UK whole-of-market intermediary, The Health Insurance Group (THIG), to U.S. private equity firms Highbridge Principal Strategies and Madison Dearborn Partners. Acquired by AXA in 2008, The Health Insurance Group provides individual and corporate health and well-being products. Highbridge Principal Strategies and Madison Dearborn Partners already own several UK broking brands, including The Ardonagh Group. A “whole of market intermediary” is
For many years, the long-term success rates for those who attempt to lose excess body weight have hovered around 5-10 percent. In what other disease condition would we accept these numbers and continue on with the same approach? How does this situation sustain itself?
Imagine that you are running a company, but you cannot get to your goal because all of your good workers keep quitting. For 30 years, your response to this problem has been to criticize the workers and say they are stupid and weak for quitting. As a result, you never reach your goal. You don’t change your formula or alter your plan, just keep blaming and shaming the workers for quitting.
Pretty much everyone knows that taking exercise helps people stay in good health. It staves off chronic ailments like type 2 diabetes and heart disease and – maybe – helps us live longer.
Mixing work and pleasure in one trip abroad can raise serious issues. Five experts from the Asia-Pacific in April 2018 debated how to stay on the safe side.
The Worldwide Broker Network (WBN) held its 58th Global Conference April 11th through the 13th, 2018, in San Antonio, Texas. Over 330 WBN members, associate members, sponsors, and some clients attended, with EPIC serving as the member host. The 58th Global Conference had record attendance from the Employee Benefits field, with 65 Employee Benefits focused attendees coming to San Antonio. Sessions were regularly packed, and an enthusiastic audience gave a special energy to this rapidly growing part of WBN.
In terms of land mass Brazil is the largest country in Latin America and the 5th largest in the world behind Russia, Canada, China, and the USA. Despite its vast territory, Brazil’s population is concentrated in the major cities of each state, mostly on the Southern coast. Being the only Portuguese- speaking country in the region, Brazil is also different in many aspects including cultural, and economic challenges, and the way of doing business in the marketplace. These are the reasons why operating in Brazil brings inherent and unique challenges to the HR team.
Obesity was designated a disease in 2013 by the American Heart Association and American Medical Association. Obesity, defined as a body mass index of 30 or higher, had long been identified as a health condition, but its designation as a disease underscored its role as a risk factor for leading causes of death, such as heart disease, Type 2 diabetes, stroke and many cancers.
Bleisure Travel and Corporate Liability Issues – A Debate Moving Around Has Big Health Benefits Sébastien Chastin, Emmanuel Stamatakis, Mark Hamer, Philippa Dall Three Things That Should Be Part of Any Weight Loss Efforts David Prologo New Medical Advances in Fighting Obesity David Prologo Why GPs May Not Be Able to Help You Lose Weight Jennifer Kraschnewski Benefits in Brazil – WBN Series Ana Carolina Conduta Losco, Priscila Maria
The smooth transfer of personal data between the European Union and the UK is of critical importance for many British and Continental businesses and may be jeopardized by the Brexit process. The 1995 EU Directive on Privacy establishes EU citizens’ right to privacy, including the protection of their personal data and the “right to be forgotten” from search engines. Countries that conform to these rules receive “adequacy agreements” that
Castel Underwriting Agencies, a managing general agent (MGA) formation platform, has opened its first branch office in Amsterdam, Netherlands to support plans to expand its operations in Europe as the UK leaves the EU. Castel’s European office will offer a platform to develop and launch specialty underwriting cells, as well as support individual underwriters with books of niche business across Europe, the company said. Castel Transact, a division of
CVS Health and Aetna in June 2018 announced their post-merger leadership team. Aetna President Karen Lynch will stay on as executive vice president of CVS and president of the Aetna business unit. Richard di Benedetto will continue in his current role as president of Aetna International. Shawn Guertin, Aetna’s CFO and chief enterprise risk officer, will become executive vice president and CFO of CVS. Fran Soistman, executive vice president
Swiss Life Global Solutions (SLGS) and Swiss Life Luxembourg in June 2018 announced three appointments in their teams. Karine Verbuggen – Head of Operations SLGS Karine Verbruggen has been appointed head of operations for global employee benefits within SLGS. She also is a member of the Management Board of Swiss Life Luxembourg. She joined SLGS in 2016 as head of the Business Engineering team after a career as Head
Aon Employee Benefits in May 2018 said that its Benefits and Trends Survey 2018 shows marked sector differences in the number of UK employers reporting employee stress and mental health-related illnesses. Eighty-four percent of employers overall said that they consider themselves responsible for influencing their employees’ health behaviors. Of the five markets analyzed (pharmaceutical, manufacturing, law & professional services, technology, and finance), the legal and professional services sector showed