Global Benefits Vision announces an update to its highly successful Directory of Global Employee Benefits and Global Mobility Providers. The new edition can be browsed online and downloaded as a PDF. If you would like to be considered for free-of-charge inclusion in the Directory, email olivia@gbvmag.com for your Information Pack and Data Form.

Willis Towers Watson announced in March 2019 that Laurie Paillat has been promoted to Associate Director, based in Paris, France. Ms. Paillat joined WTW after serving as Global Benefits Manager for Criteo, a Paris-based software company. Prior to that, she was an employee benefits expert for EMEAR, Dassault Systèmes, based near Paris. She has also been a pension consultant for PricewaterhouseCoopers in London and Paris, and an actuary and

American International Group (AIG) in April 2019 announced it had sold its entire stake in People Insurance Co. of China (PICC) for HK$3.8 billion (US$482 million). AIG had bought into PICC as a “cornerstone investor” in its initial public offering in December 2012. According to Bloomberg, AIG made a 1.75% profit including dividends over the six years, when Hong Kong’s benchmark Hang Seng Index generated a total return of

According to regulatory filings made in February 2019, Aon has incurred nearly $1 billion in costs related to a restructuring plan announced in May 2017, and will incur about $243 million more in costs when the plan is completed by the end of 2019. Initiated in 2017, Aon’s global restructuring plan has now estimated the number of job losses between 4,800 and 5,400, a 12 percent increase from a