B3i, a group of fifteen global insurers and reinsurers, in September 2017 launched a fully functional beta version of its integrated blockchain solution for the re/insurance industry at the 61st Monte Carlo RVS Conference. In seeking to fulfill the potential of blockchain, B3i group members have attempted to build an efficient worldwide industry platform for market participants to more easily cede, handle, and trade risks. Speaking for B3i, Paul

Canada Life Reinsurance, a provider of innovative reinsurance solutions worldwide, has entered into a long-term reinsurance agreement to cover the longevity risk on £1.7 billion in liabilities for approximately 7,500 pensioner members of the Marsh & McLennan Companies (MMC) UK Pension Fund. The transaction was written by the Barbados branch of Canada Life via a reinsurance agreement with captive insurance cells managed by Marsh Guernsey. Canada Life is part

Manulife Financial Corporation in September 2017 announced a number of structural and leadership changes that are meant to drive better alignment with the company’s strategic priorities, accelerate growth, optimize legacy blocks of business in North America, and leverage its talent across geographies. The company will focus on creating stronger global alignment and direct accountability for its wealth and asset management businesses by bringing them together under the umbrella of

Aon in October 2017 announced it had purchased Portus Consulting, an independent U.K.-based employee benefits firm. Portus has a leading position in the U.K. professional services market, particularly the legal sector and among SMEs with 50 to 750 employees. It will join Aon Employee Benefits, which says it has 2,500 large and SME corporate clients, covering over 1 million lives in the U.K.