Willis confirmed that Steve Hearn, Deputy CEO, will leave to join Cooper Gay Swett & Crawford at the beginning of November, 2015.
Willis combines with Towers Watson to create a new $18 billion insurance, personnel, and risk company. Willis shareholders will own 50.1% of the new Ireland-based company, Willis Towers Watson. The new $18-billion company has annual revenue of about $8.2 billion and 39,000 staff in 120 countries, and advises more than 80% of the world’s top 1,000 companies.
Dr. Manfred Knof has become CEO of Allianz Deutschland, succeeding Dr. Markus Riess, who joins Ergo as CEO and Munich Re’s management board. Ergo is a wholly-owned subsidiary of Munich Re that operates under the brand names Ergo, Victoria, DKV, and others.
Willis announced in July 2015 the appointment of Cedric Luah as Asia Head of Human Capital and Benefits, to lead its Asia regional operations based in Singapore. Cedric joins Willis from the AIA group office in Hong Kong where he was responsible for multinational strategies, corporate clients relationships and multinational pooling. Prior to AIA, he spent seven years with the Swiss Life network, where he was the Head of Sales
In another instance of the on-going consolidation of the life insurance sector in Europe and of European banks selling their insurance subsidiaries, Monceau Assurances, a French composite insurer, announced the acquisition of Vitis Life Luxembourg from KBL European Private Bankers on July 7, 2015. KBL is owned by Precision Capital, based in Qatar. Vitis Life specializes in life insurance for high net-worth individuals (HNWI) and sells mostly unit-linked products
Generali announced in June 2015 a reorganization of its corporate structure in the Central & Eastern European (CEE) region. Generali increased its ownership of Generali PPF Holding B.V. (GPH) to 100% by acquiring the remaining 24% minority share held by PPF Group, in line with the agreements signed on January 8, 2013. The holding company operating in Central-Eastern Europe changes its name to Generali CEE Holding B.V. The CEE
AXA has announced in June 2015 the creation of AXA Lab Asia in Shanghai, identical to AXA Lab in the Silicon Valley. Led by Frank Desvignes, it will act as a business-focused center of expertise on data analytics and foster Research & Development. Meanwhile, AXA Strategic Ventures will open a new office in Hong Kong, so as to be in the best position to seize the numerous investment opportunities
AIG USA launched a new product, AIG Home Protection, a voluntary employee benefit that covers out-of-pocket expenses related to repairing or replacing home appliances. Available to groups with at least 2,500 employees, it covers parts and labor for repairing or replacing mechanical and electrical failures on products within the home, up to USD 5000/year. The program is an interesting example of B2B2E (business-to-business-to-employee) marketing and of leveraging P/C capabilities
French wholesale broker APRIL Group released in June 2015 a service card for employees facing hardship such as divorce,accident, death of a relative, etc. “April for Me” allows employers to support these employees through help with administrative procedures, hands-on assistance (babysitting, cleaning services, etc.), and support (social worker, psychologist, etc.) in case of a traumatic event. This is expected to drive greater employee engagement and a quicker return to
Since November 2014, Industrial Alliance is a network partner in Canada for Allianz Global Benefits Network. Industrial Alliance has operations in Canada and in the United States and offers group health, dental, optical, disability and life covers, as well as individual products. Industrial Alliance is listed on the Toronto Stock Exchange.
A new member of the AXA group, Mansard Insurance plc is the new Insurope network member in Nigeria. Mansard is a composite, generalist insurance carrier offering life and non-life insurance to individuals, corporations and institutions. Through subsidiaries, it also offers pensions, asset management and health maintenance solutions.
EB growing in Turkey’s private sector, attracting major players Ms. Sema Gökdemir joined Towers Watson (TW), now WTW (Willis Towers Watson) in Turkey to lead its newly launched employee benefits consulting division, focusing on healthcare, life and retirement. TW’s move is in response to the rapid growth in employee benefits offered to private-sector Turkish employees. Sema Gökdemir has 17 years of experience in local and international employee benefits and
Mansard Insurance, a leader in the Nigerian employee benefits market, joins the MAXIS Global Benefits Network as a result of the acquisition by AXA of 100% of Assur African holdings, which holds a 77% stake in Mansard Insurance plc. Through this acquisition, AXA has become the #4 insurance player in Nigeria. Interestingly, Mansard announced its joining of the Insurope pooling network on May 29, 2015.
In March 2015, Fabrice Maraval was appointed Chief Financial and Insurance Officer of April Group, in charge of financial and technical activities on a global basis, as well as M&A, legal, and control of April Group’s insurance companies. Fabrice began his career with AXA, then spent 13 years with CNP Assurances, France’s #1 life insurer, lastly as CEO of CNP Caution, providing individual and professionals sureties.
Margrit Schmid leaves Swiss Life. Her future position was unknown as of early May 2015. Margrit was the CEO of the Swiss Life pooling network and the head of Head Corporate Clients for Swiss Life International since June 2006. She had joined Swiss Life in 1998. Although no comment was offered upon her leaving, it is likely that the forthcoming relocation of Swiss Life’s global employee benefits operations to
Lockton hosts its Global Benefits Forum May 4 – 6, 2015 in Barcelona, Spain. This annual event brings together employee benefits professionals from around the globe interested in enhancing their international benefits acumen. The event provides continuing education credits for attendees with professional designations such as Global Professional in Human Resources.
Cigna in April 2015 named Javier Cano as managing director of its global healthcare benefits business in Europe. While he continues to be based in Madrid, Javier leads a team operating across Europe with three key operational hubs located in the U.K., Belgium, and Spain. He joined Cigna in 2006 as sales director, having been previously with Oliver Wyman (Marsh McLennan group). He holds an MBA from INSEAD and
On April 1, 2015, Generali appointed three new regional Chief Executive Officers: Jack Howell for Asia, Antonio Cassio dos Santos for the Americas, and Jaime Anchustegui for the EMEA region. Jack Howell, 44, a U.S. citizen, holds an MBA from the University of Chicago School of Business. Howell worked for AIG, where he held several positions including Deputy Chairman of Strategic Operations and Chairman and CEO of Philam Plans,
In order to align Global Benefits Vision with the needs of the global employee benefits industry, we conducted a survey in November and December 2014, asking what potential readers would like to read in a specialized magazine and how it should be presented and distributed.
Cigna Compass using anticipatory computing to help health plan customers stay healthy and lower costs
Cigna in January 2015 released Cigna Compass, a new application based on predictive algorithms to guide U.S. health plan customers in building their own personal health care team of practitioners and save money. Cigna Compass synthesizes data related to a consumer’s medical plan use, biometric data, incentive information, claims history, and coaching program involvement to improve health and lower health-care costs. It guides customers to stay in-network and choose
Cigna survey shows Hong Kong trailing, China leading Asia-Pacific in health and wellness perceptions
In a January 2015, Cigna-commissioned “360° Well-Being” survey of motivations, perceptions, and attitudes toward overall “well-being” among the general public in Asia and other international markets, Hong Kong ranked last—and China led the pack. Countries surveyed in the Asia-Pacific region included South Korea, Thailand, and New Zealand. Hong Kongers perceive themselves as performing “poorly” across all health and well-being categories compared to other markets.
Mimi Gigoux was appointed EVP Human Resources at Criteo in October 2014, with responsibility for all HR operations worldwide, reporting to Eric Eichmann, President and COO and succeeding Antoine Mingalon. She is based in San Francisco, CA. Founded and headquartered in Paris, France, Criteo is a technology firm focusing on optimizing online advertising performance. As of April 2015, it has over 1500 employees in 15 offices across the world.
Mr. Jonathan Mindell was appointed Executive Director by broker JLT Benefits in September 2014, joining from Mercer where he led Operations for the Europe and Pacific regions. Jonathan Mindell is based in London, UK. He has 31 years of experience, including 24 in insurance.
Nick Bushell was appointed head of Healthcare and Risk by broker JLT Benefits in August 2014, based in London, UK and joining from Lorica where he led sales.
Global Benefits Vision asked Lance Henderson, Head of Sales and Relationship Management at Zurich Global Employee Benefits Solutions, about his view on latest trends in Employee Benefits and discussed topics like the “Duty of Care” concept, the Income Protection Gap, and solutions that can help multinationals to address those challenges.