Posts Tagged

2019

New York Life Insurance and Cigna in December 2019 reached a deal for New York Life to acquire Cigna’s group life and disability insurance business for US$6.3 billion. The acquisition is expected to close in the third quarter of 2020, subject to applicable regulatory approvals and other customary closing conditions. The group life and disability insurance business will operate within New York Life’s portfolio of strategic businesses and support

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

The International Accounting Standards Board (IASB) in December 2019 adopted changes to the IFRS 17 exposure draft supported by the insurance industry, and has decided to delay discussions about extending the new standards’ effective date beyond the current 2022 deadline. IFRS 17, issued in May 2017, is the first truly international accounting standard for insurance contracts. It addresses the many inadequacies of local rules in accounting for such contracts.

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OECD’s new report, Pension Markets in Focus 2019, shows that despite a decline of pension assets in the OECD area and internationally in 2017/18, over the last decade, however, pension assets have increased in nominal terms in almost all reporting countries. This can be attributed to an increase in the proportion of working-age coverage, which was strong in countries such as Israel, Latvia, Bulgaria, Colombia, North Macedonia, and New

Dan Bensadoun MD has been appointed Partner and Doctor at Paris Prevention. He previously was CEO and Founder of telemedicine services firm TALIE.DB Consulting, and Co-founder and Medical Director of MY-MEDICAL-DIRECTOR. He spent 14 years at General Electric Corporate where from 2003-2017 he was EMEA Medical Director in charge of healthcare initiatives, and earlier Europe, Middle East, and Africa Medical Director. He was in charge of 40+ GE clinics

Annette Decker in December 2019 has been made Senior International Benefit Consultant at Siemens, where she has been in various positions since 2011, including with Siemens Financial Services as Senior Pension Manager, M&A. Prior to her time at Siemens, she has held positions as Head of Company Pensions HypoVereinsbank, Account Manager at Aon Hewitt Consulting Deutschland. She started her career as a consultant for KPMG in 1992. Annette is

Tim Davis in December 2019 joined Aon in London as Human Capital Project Manager Aon M&A Transaction Solutions from EY where he worked for over 2 years as Advisor, People Advisory Services – Global Benefits. Tim has 16 years’ experience in financial services, including over 6 years in various positions at Punter Southall Aspire where he was Associate Director, International before leaving to join EY. Before joining Punter Southall,

Nick Skipper in December 2019 has been made Director of Employee Benefits at Clear Insurance Management of the UK. He was previously an Account Director. Before joining Clearance, Nick was with Willis Towers Watson (WTW) for 4 years where he oversaw major accounts as Account Director, Head Major accounts; and an Employee Benefits Consultant at Marsh before joining WTW. Nick attended The Oratory school in Oxford. He has appeared

Airmic’s report, Managing Risk−The Human Factor, sheds light on the “unprecedented volatility with regards to people risk” and stresses the importance of HR, benefits, and risk professionals working together more closely. The report published in December 2019 in association with Arthur D. Little, Willis Towers Watson and Zurich, positions people risk around the people themselves instead of creating newer categories. This allows a view where risks which may have

Danske Bank subsidiary Danica Pension’s Jens Runing in December 2019 has been made Member of the Board and Executive Committee at Insurope SCRL/CVBA in Brussels alongside his role as head of the International area within Danica Pension since 2016 in Copenhagen, having been working at Danica for over 8 years. Prior to his current role, he was also Senior International Consultant for EB, Nordic Sales, Bancassurance, and Multinational Risk

The OECD in December 2019 published updated versions of the 2019 series of its E.U. Country Health Profiles. The profiles provide a concise overview of health and health systems in the EU/European Economic area, emphasizing the particular characteristics and challenges in each country against a backdrop of cross-country comparisons. Each Country Health Profile provides a short summary of: Health status Risk factors The organization of the health system Its

American International Group (AIG) in December 2019 announced that Peter S. Zaffino has been named President of AIG. He will continue to serve as Global Chief Operating Officer (COO) of AIG and Chief Executive Officer (CEO) of General Insurance. Mr. Zaffino joined AIG as Executive Vice President and Global COO in July 2017 and assumed the additional role of CEO of AIG’s General Insurance business in November 2017. He

Carolyn Kennedy in December 2019 was promoted to Senior Vice President Global Employee Benefits and Administration at Chubb where she was previously Vice President Global Benefits from 2014-2019. Carolyn brings over 20 years’ global employee benefits experience to her new role, with a focus on design, management, and governance of global risk insurance programs. Prior to joining Chubb, she was Assistant VP Product Development, Global Employee Benefits at MetLife

Published in December 2019, Neyber’s report, the DNA of Financial Wellbeing, which has surveyed over 42,000 people since 2016 suggests that absence, productivity and turnover of staff costs UK employers over £15.2 billion per annum. The report shows that employees’ financial woes are indeed a burden on employers as their spending habits (and results thereof) are a direct contributor to lost revenue at firms. With this report looking at

In the December 2019 issue History of Pooling at Allianz – François Jacquemin, Michael Scheu Vaping and e-cigarettes – Allison Kurti Hospital Price Transparency in the U.S. at Last? – Neeraj Sood To Lose Weight, Eat Less or Exercise More? – Juan Ignacio Pérez Iglesias Exercise Before Breakfast Works Best – Rob Edinburgh Controlled Breathing for the Rest of Us – David Shearer Allianz Global Benefits Interview – Dirk Hellmuth,

MAXIS Global Benefits Network (MAXIS GBN) in December 2019 announced it had chosen CareClix as its global partner for telemedicine services. CareClix is a leading telemedicine solutions provider headquartered in Alexandria, Virginia, USA and focused on technology-driven medical services to employers, governments, health plans and health systems. Beefing up the MAXIS Global Wellness Solution The partnership will allow MAXIS GBN’s clients, as a part of its MAXIS’ Global Wellness

Hong Kong-listed Ping An Good Doctor (PAGD), along with the Hurun Research Institute, in early 2019 released a “Good Doctors Guide” covering both traditional Chinese medicine and Western medicine to “help 1.4 billion people find the doctors they need”. In 2019, Good Doctor intended to develop its Hospital Cloud, Clinic Cloud, Pharmacy Cloud, Village Medical Cloud and increase the pace of its international strategy. According to Wang Tao, chairman

MAXIS Global Benefits Network (MAXIS GBN), the global network of locally licensed insurance companies founded by AXA and MetLife, in December 2019 announced it had teamed up with Peru’s largest insurance provider, RIMAC (Rimac Seguros y Reaseguros) to provide life and medical cover to MAXIS’s multinational clients. Prior to this, MAXIS GBN had Pacifico Compania de Seguros y Reaseguros as it’s Peruvian partner – alongside Insurope. RIMAC’s leading position

Cancer can change a person’s world beyond recognition. During this often highly stressful time, work can provide an oasis of normality and routine. However, the experiences of those working through a cancer diagnosis can vary widely. Employee benefits specialist Unum recently conducted a survey of 300 U.K. workers diagnosed with cancer in the last five years. Published in November 2019, the survey explored workers’ attitudes and challenges, as well

Ping An Good Doctor Develops Commercial Operation of One-Minute-Clinics in China Ping An Good Doctor (PAGD), China’s largest online healthcare services provider and a spin-off of Chinese insurer Ping An, in 2019 expanded its AI-based “One-Minute Clinics” across eight Chinese provinces and cities. One-Minute Clinics are small rooms where patients enter to connect with a virtual doctor (the “AI Doctor”) which in a few minutes offers a preliminary diagnosis

MAXIS Global Benefits Network announced in September 2019 that Grégoire Bonnefoy has been promoted to Reporting and Reinsurance Analyst from the position of Multinational Account Manager where he was responsible for business development for Multinational Pooling and Captive clients. He will be based in London. Prior to joining Maxis, Bonnefoy was a Commercial and Communication Assistant with OC Sport in Geneva, Switzerland. He has also been a business developer

MAXIS Global Benefits Network (MAXIS GBN) in November 2019 announced its selection of INTERVENT International as global provider of a suite of designated digital behavior change and population health management solutions. The partnership enhances Maxis GBN’s global solutions for the prevention and management of multiple chronic diseases, disability condition management, maternity care, and other drivers of health-related medical costs. As part of the collaboration, multinational employers working with MAXIS

Marie Moberg in December 2019 started her own consulting firm, Morem Consulting AB. Previously, she served as Group Head Compensation and Benefits at Bonava from 2016-2019 where she also served as Interim Group Head of HR (2018). Prior to this she was a Compensation Expert at Sandvik from 2012-2016 where she served in Australia and was Compensation and Benefits Manager at Sandvik Mining global. Marie was Director of Compensation

Chloé has announced the appointment of Arnaud Sachs as Head of Compensation Benefits and HR Control, effective October 2019. He is based in Paris, France. Sachs was previously with Vallourec, where he was compensation manager of social benefits and social management control, and with Towers Watson as a Consultant, Compensation and Benefits. He holds an MBA in Compensation & Benefits from École normale supérieure in Paris, and a Master’s

The OECD in November 2019 released its annual Health at a Glance report for 2019. It provides the latest comparable data and trends on different aspects of the performance of health systems in OECD countries, while providing striking evidence of large variations across countries in indicators of health status and health risks, as well as in the inputs and outputs of health systems. Gains in longevity are stalling, with

Reto Toscan, who oversaw the rapid rise of elipsLife from only 7 employees in 2011 when he joined, to 300 in 2019 and USD 500 million of premium in the employee benefits space has been succeeded in December 2019 by industry veteran Christoph Gaus. Gaus, who joined elipsLife from Zurich Insurance Group and Swiss Mobiliar Insurance Company, where he held senior roles, has more than two decades’ experience in