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AIG in October 2018 received approval from British courts for its European subsidiary, AIG Europe Limited (AEL) to transfer its business into two new entities: American International Group UK Limited (AIG UK), based in London, UK, and AIG Europe SA (AESA) in preparation for Brexit. AESA’s headquarters are in Luxembourg City, Luxembourg, and has 21 branches across the European Economic Area and Switzerland. It is led by Christophe Nicolas

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Health expenditures will outpace GDP growth over the next 15 years in almost every OECD country, according to the OECD’s Health at a Glance 2019 report, published in November 2019. The OECD foresees that health spending per capita will grow at an average annual rate of 2.7% across OECD countries and will reach 10.2% of GDP by 2030, up from 8.8% in 2018. The report notes that the United

Tiffany Ulbing, CEBS, has been named Director, Education and Outreach, for the International Foundation of Employee Benefit Plans (IFEBP), effective July, 2019. She will remain based in the Milwaukee, Wisconsin area. Ulbing was previously the Director of Educational Programs from 2010 to 2019. Before joining the IFEBP, she was a benefits manager at Clifton Gunderson LLP (now CliftonLarsonAllen), and a benefits analyst at Mercer Health and Benefits. Prior to

Artex Risk Solutions announced the promotion of Kevin Heffernan to Executive Vice President North America, effective September, 2019. Heffernan will be based in Burlington, Vermont. He leads captive operations including domicile management across the U.S. He is also responsible for Artex North America’s operational controls, administration, and reporting procedures and systems. Heffernan was previously Division Chief Operating Officer for Artex. He holds a B.S. in Accounting from William Paterson

Generali Employee Benefits (GEB) has promoted Francesco Johan Cortese to Manager, Client Development as of October 2019. Cortese will be based at the Regional Office EMEA in Luxembourg. Cortese was previously Assistant Manager for Global Reporting and based in Brussels, Belgium. Before that, he was Assistant Manager, International Accounts Administration, and International Accounts Administrator. He joined GEB as a Marketing Consultant in 2002. Previously, Cortese served as a Second
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