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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

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The French Prudential Supervision and Resolution Authority (ACPR) in January 2020 approved a reinsurance captive in France for payment solutions provider Worldline. The approval marks the first in almost 20 years, and only the fourth reinsurance captive in France. Worldline chose France as a jurisdiction based on the advice of Willis Towers Watson (WTW), which supported Worldline throughout all aspects of the process, from the initial opportunity study to

With the implementation of the EU’s IORP II Directive, Aon in December 2019 announced it would stop offering its United Pensions solution for cross border pension solutions. Aon Retirement and Investment, Netherlands, CEO, Frank Driessen, explained that while existing Dutch United Pension clients will not be affected, there is a great deal of uncertainty and mistrust around cross-border pension transfers. What has been a thorn in the side of

Since the beginning of the 2019-2020 COVID-19 pandemic, a great wealth of information has been made available to the general public as well as to human resources professionals. GBV has no particular expertise in epidemiology, the treatment of people affected by COVID-19, or the socioeconomic impact of the pandemic, and therefore refrains from adding to the noise component of what is now on offer. Nevertheless, the editorial team here

Sean Genden has been named Head of International Insurance at Hartford, Connecticut, USA-based investment and insurance company The Hartford. Prior to this he was with Travelers for 28 years in roles such as International Business Insurance Segment Leader. Previously, he served as Chief Executive Officer, Europe and earlier as Chief Operating Officer for Travelers Europe. In an executive capacity he served as an Executive Board Member of both Travelers
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