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2016 was a symbolic year for pension systems in Japan. In November 2016, the Japanese Diet enacted new legislation that shortens the eligibility period for public pensions from 25 years to 10 years. This was followed the next month by a revision to the automatic balancing system.
Cigna Global Health Benefits in June 2016 announced the appointment of Neil Irwin as Head of Global Distribution. In this role, Neil will be responsible for cross-market growth and development of Cigna’s globally mobile group health business across multiple client and customer segments around the globe. Before joining Cigna, Neil was Managing Director at Marsh and was responsible for developing client relationships and driving growth, strategic insurer relationships, marketing
Cigna Global Health Benefits in September 2016 announced an expanded partnership with African-based insurer, Hollard Insurance Group. Hollard and Cigna have created a fully compliant health insurance product in sub-Saharan Africa, Hollard Cigna Health, that meets the legal requirements of globally mobile staff as well as regional expats and key local nationals from corporations with operations in the region. A pan-African product, it is able to cater to national
U.S. health insurance providers Aetna and Humana in December 2016 announced they had come to an agreement to extend the deadline for their proposed merger from December 31, 2016 to February 15, 2017, as U.S. federal courts are poised to decide whether to allow the merger to proceed. The decision is expected by mid-January. The deal was first announced in August 2015.
One of the major events of 2016 was Generali Employee Benefits’s 50th anniversary celebration with the GEB Forum held in Brussels, Belgium on November 21, 22 and 23, 2016. The three-day conference gathered approximately 300 delegates from over 60 countries including 52% from outside the E.U. . Business leaders and experts discussed and shared insights on the future of the employee benefits industry. The agenda included inspirational keynote speakers,
The “Global Employee Benefits Watch” Report Analyzed Chris Bruce Death in Service Pensions Paul Avis Starting an Employee Benefits Captive Marc Reinhardt Sven Roelandt R&D: What is the Difference between a Migrant and an Expat? Amanda Klekowski von Koppenfels IGP Sao Paulo Conference Report
According to a December 2016 Reuters report, Aon is in the process of selling its employee benefits TPA business unit for $5 billion. Aon had in 2010 acquired most of this unit as Hewitt Associates for $4.9 billion. The negotiations with potential buyers, who are understood to include several private-equity firms, are expected to take more time. The unit’s EBITDA is estimated at close to $500 million, implying a
Amsterdam, The Netherlands-based sleep expert Els van der Helm, PhD, in November 2016 launched her new website, www.elsvanderhelm.com, that includes resources such as videos, brief articles and Els’s academic research. Prior to her own consulting firm, Els worked as a management consultant at McKinsey & Company. There she combined her passion for leadership development and sleep management. She developed and facilitated training programs for both McKinsey consultants and clients.
Generali Group’s new management under Group CEO Philippe Donnet and Frédéric de Courtois, CEO of Global Business Lines and International, in November 2016 confirmed their commitment to the business units in charge of global mobility and global employee benefits, and in particular to Generali’s network, GEB. De Courtois at the GEB Forum 2016 announced increased investments in GEB. The areas targeted for growth in the years ahead include:
G.I.P. and U.K. State Protection Paul Avis Being W.O.R.L.D Wise: Decision-making (5) Natalie Richter Sleep Deprivation Costs the Economy Dear and Reduces Longevity David Spencer A Health System Revolution to Cope with Ageing Patients Onil Bhattacharyya Bill Gates on HIV/AIDS in Africa and the Role of Philanthropy Unwinding Obamacare Miranda Yaver
Mike Tyler has in November 2016 been appointed Head of Lockton International Benefits and will also become Chair of the Global Benefits Leadership Group, which oversees the expansion of benefits capabilities around the globe. Tyler’s appointment does not change Lockton’s corporate structures, and senior reporting lines also remain unchanged. The new role will facilitate global co-ordination of initiatives and oversee new investments. Lockton’s benefits practice represents 30% of its
Stevan Bernard, an expert in global security management, and Executive Vice President at global media and entertainment company, in November 2016 has been appointed as non-executive director at Healix International and its U.S. subsidiary, HX Global. Bernard comes to Healix, a leading provider of international medical, security and travel assistance services, with over 30 years’ experience in the security industry, including a career in the U.S. Army and law
Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm headquartered in Itasca, Illinois, in November 2016 announced the acquisition of Argentis, a financial planning and employee benefits firm based in London, England. Founded in 2005, Argentis is a financial planning and employee benefits consultant, specializing in corporate employee benefits consulting and individual wealth management services to private and corporate clients throughout the United Kingdom. Their
The U.K.’s High Court in November 2016 ruled that the British government could not trigger Article 50 of the E.U. Treaty, thereby setting off Brexit negotiations, without having Parliament voting on the matter first. The government has appealed the decision and the appeal will be heard in the U.K. Supreme Court in early December. The court stated it would deliver its judgment, which is final, “probably in the New
The European Commission in October 2016 conducted hearings with pension funds, asset managers, insurance undertakings, individuals, consumer associations, and public authorities to debate the need for a pan-European pension product. The panel debates allowed stakeholders to determine if EU action fostering the emergence of European personal pension products is appropriate as well as proportionate. At stake are simple, affordable, and transparent pension plans that provide better returns. More investment
AIG Global Benefits Network announced that AlfaStrakhovanie Group has joined its network of 42 insurers. AlfaStrakhovanie offers medical, life, accident and disability coverage in Russia, where all but medical can be pooled. Alfa-Health Center Clinics, a project of AlfaStrakhovanie Group, provides high quality medical services to customers in 12 regions of Russia. One of the largest Russian insurance companies with a full range of services for corporate and private