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U.S. insurance carrier Allstate in August 2018 acquired identity theft services company InfoArmor for $525 million. Allstate’s stated intent is to grow its employee benefits business. According to Tom Wilson, Chairman, President and CEO of Allstate, in 2017 “there were over 16 million victims of identity fraud [in the U.S.], which resulted in over $16 billion of losses.” InfoArmor is a private company with headquarters in Scottsdale, Arizona. Its

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Brussels-based lobby CBBA-Europe in October 2019 announced its Annual Conference, to be held on November 13 and 14, 2019, in Brussels, Belgium. This year’s conference theme is “The New Social and Employee Benefits’ Environment between Challenges & Innovation”. November 13 is about Pensions and Investments (9am – 5pm) November 14 will deal with Healthcare, mental health and other benefits (9am – 12 noon). Participants include E.U. Institutions, EIOPA, OECD,

1967: IGP was founded with Ford as its first Client In the 1960s, Ford began to expand globally, and Ford of Europe was established in 1967. At the time, Ford was the largest domestic client of John Hancock’s Group Insurance Division. The concept of multinational pooling did exist at the time, though it was not widely practiced. Ford and John Hancock collaborated on the possibility of reinsuring and pooling the employee benefits plans of Ford’s overseas operations.

MAXIS Global Benefits Network (MAXIS GBN) in October 2019 launched its Wellness Intelligence Tool (WIT), a digital service that helps organizations estimate potential medical cost savings resulting from changes in employee behaviors and lifestyles. The tool helps organizations quantify the impact that behavior change could have on the health and productivity of employees. The tool was developed by MAXIS GBN in partnership with actuarial consultancy Habits at Work. Integrated

Next Insurance, a digital insurance company that focuses on small businesses, in October 2019 raised USD 250m from Munich Re. The Palo Alto, California-based, 3-year old startup became a licensed insurance carrier, shedding its brokerage business model, in August 2018. The capital raise will fund the development of new products and of customer initiatives. Next Insurance offers a wide range of insurance products, including including general liability; professional liability;
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