Posts Tagged

2022

Marsh McLennan (MMC) in September 2022 announced that John Q. Doyle has been named President and Chief Executive Officer (CEO), effective January 1, 2023. Operating under several brands: Marsh (P/C); Guy Carpenter (reinsurance); Mercer (L/H, including employee benefits); and Oliver Wyman (management consulting); and with sales of nearly USD 20 billion in 2021, MMC is by far the largest insurance broker in the world. His predecessor Daniel S. Glaser

Now in its second edition, the European Retirement Week 2022 will take place from 28 November to 3 December 2022 in Brussels, Belgium. The purpose of the European Retirement Week is twofold: raising awareness of the pension challenge, and serving as a platform for stakeholders and policymakers to discuss workable solutions to ensure that people in Europe can count on adequate and sustainable pensions, today and tomorrow. Challenges include

The European Association of Paritarian Institutions, AEIP, in September 2022 announced its upcoming yearly conference. To be held online in early November 2022, this year’s conference will discuss the Welfare State Transformation and the Future Role of Paritarian Funds: Facing the impact of the pandemic, the changing labor market and the drive towards sustainability. AEIP’s Annual Conference brings together a wide range of experts from different policy fields, to

Gallagher, a global leader in insurance brokerage, risk management and consulting services, in September 2022 announced Sarah Dick has joined as its new Area Vice President and National Clients Team Leader in the Multinational Benefits & HR Consulting practice in Gallagher’s Benefits and HR Consulting Division. Dick is based in Tucson, AZ and will be responsible for leading the large case Center of Excellence (COE) business and developing the

Employee benefits management software provider Benify, together with global public opinion and data company YouGov, in early 2022 conducted a survey of more than 39,000 employees throughout Europe about their views on the future of work. Participants were asked to answer a series of questions about their employee benefits, their current work conditions, what they want most from their employer, and what they consider most important when choosing a

The Organization for Economic Cooperation and Development (OECD) in August released its gross domestic product (GDP) figures for the second quarter of 2022. According to provisional estimates, Q2 2022 GDP in the OECD rose by 0.3% quarter-on-quarter, equal to the growth in the previous quarter. GDP growth was negative in the United States and the United Kingdom (both minus 0.1%), and it slowed down sharply in Germany (0.1% compared to 0.8% in the

After releasing its latest inflation figures, the Organization for Economic Cooperation and Development (OECD) in August 2022 also released data about the impact on real household incomes. Real household income per capita fell by 1.1% in the OECD area in the first quarter of 2022, contrasting with growth of 0.2% in real GDP per capita. This is the fourth quarter in a row that GDP per capita has outpaced

Andries Venter in August 2022 was appointed as Senior Partnership Manager at Foyer Global Health (FGH) to support, promote and enhance relationships with strategic partners and global brokers. His focus is on the Middle East region, where he works closely with Maxhealth, an iPMI provider based in Dubai, to improve service delivery and integrate new services in the GCC region. Foyer Global Health is an international health insurance and

The Organization for Economic Cooperation and Development (OECD) in August 2022 released updated figures about inflation across the OECD area. According to the OECD, the consumer price index (CPI) rose to 10.3% year-on-year in June 2022, after 9.7% in May 2022. This is the largest price increase since June 1988. Year-on-year inflation, again impacted by rising food and energy prices, increased in all countries except Germany, Japan, and the

MAXIS Global Benefits Network (MAXIS GBN) in July 2022 announced a new partnership with Further Group, a global leader in the design and development of equitable and affordable health insurance solutions. Further will be offering its innovative Critical Advantage solution to MAXIS GBN’s multinational clients. By selecting to work with Further, multinationals will be able to offer their people treatment, outside of their home country, at medical centres of

Allianz Global Corporate & Specialty SE (AGCS) in July 2022 announced it had merged its captive solutions team into its multinational business. AGCS’s multinational business provides ART (alternative risk transfer), global programs, captive fronting, and reinsurance to large and mid-sized companies as far as P/C coverage is concerned. Guy Money, previously global head of product at AGCS, is the new global head of multinational business. He is based in

James Sharpe in July 2022 was promoted to Vice President, Benefits, M&A and Mobility at U.S. publishing firm Wiley, based in New York, N.Y. He previously was Senior Director, HR M&A and Global Mobility, also at Wiley. Earlier, he was Director, Global Services and Solutions – M&A ; Global Benefits Consultant; and Consultant (the latter position based in London, U.K.) at Willis Towers Watson. He started his career as

The Organization for Economic Cooperation and Development (OECD) in July 2022 released updated figures about inflation across the OECD area. According to the OECD, year-on-year inflation as measured by the Consumer Price Index (CPI) rose to 9.6% in May 2022, compared with 9.2% in April 2022, largely driven by food and energy prices. This represents the sharpest price increase since August 1988. Food price inflation in the OECD continued

The Organization for Economic Cooperation and Development (OECD) in July 2022 released Composite Leading Indicators (CLIs) that continue to signal growth losing momentum in most major economies and in the OECD area as a whole. Among large OECD economies, the CLI for the United States now signals growth losing momentum, a change from last month’s stable growth indication. In the United Kingdom, Canada and in the euro area as a whole, including Germany,

The United Nations Conference on Trade & Development (UNCTAD) in July 2022 released a special issue of its Investment Policy Monitor, which analyzes the evolution of corporate income taxes across the world, as well as country efforts to attract investments through tax incentives. The Monitor expands on the analysis presented in the World Investment Report 2022: International Tax Reform and Sustainable Investment. Key findings include: The tax competition to

Hervé Lavisse in July 2022 joined Veolia as its new group compensation and benefits (C&B) director, based near Paris, France. Veolia is active in water management; waste management; and energy services. As of June 2022, it has around 220,000 employees worldwide. Veolia in January 2022 completed the acquisition of competitor Suez and subsequently spun off part of the combination as the “new Suez”. The latter includes Suez’s Water and

MAXIS Global Benefits Network (MAXIS GBN) in June 2022 announced its partnership with HUMANOO, a Berlin, Germany-based provider of automated digital wellbeing solutions. MAXIS’ multinational clients will now be able to choose to work with HUMANOO and help improve the overall health, wellbeing and engagement of their people. According to the company, “HUMANOO’s app is designed to help improve employees’ physical and mental health with customised, on-demand fitness, physio,

Generali in June 2022 announced a reorganization of its management structure that sees all its global business lines report into a new business unit, i.e. “France, Europ Assistance and Global Business Lines”. The three global business lines are: Generali Corporate and Commercial Generali Employee Benefits (GEB), including iPMI activities known as GGH (Generali Global Health) Arte Generali GEB, headed by Ludovic Bayard since May 2022, previously reported to the

IPEBLA, the International Pension and Employee Benefits Lawyers Association, in June 2022 announced it would hold its Eighteenth Biennial Conference in Amsterdam, Netherlands from August 28th to August 30th, 2022, the first conference it has held in person since Lisbon in 2019. IPEBLA conferences provide a forum for common and civil law lawyers from different countries to discuss current domestic and international issues affecting their practice in pension, executive

The Organization for Economic Cooperation and Development (OECD) in June 2022 released its latest Composite Leading Indicators (CLIs). According to the CLI models, economic growth may lose momentum in the OECD area as a whole over the next six to nine months. The latest indicators support the view presented in the latest OECD Economic Outlook, which revised global growth forecasts downwards due to the impact of the war in

According to a June 2022 press release from the Organization for Economic Cooperation and Development (OECD), in the first quarter of 2022, gross domestic product (GDP) in the G20 area rose by 0.7% quarter-on-quarter according to provisional estimates, down from the 1.3% increase recorded in the fourth quarter of 2021. The slowdown in the G20 area in Q1 2022 reflects weaker performance in the United States, where GDP contracted by 0.4% quarter-on-quarter

MAXIS Global Benefits Network (MAXIS GBN) in May 2022 announced a new partnership with MindCo Health, a digital health company which specializes in virtual reality (VR) programs focused on mental health and smoking cessation. Based in San Jose, California, MindCo joins several other suppliers which make up MAXIS’ wellness technology marketplace. MAXIS GBN will offer multinationals and their employees MindCo’s MindCotine service, a VR-based smoking cessation programme. MindCotine helps

Ludovic Bayard in May 2022 was promoted to Chief Executive Officer (CEO) of Generali Employee Benefits (GEB). The position reports to Marco Sesana, Country Manager & CEO of Generali Italia and Global Business Lines, and is based in Luxembourg. Ludovic previously was GEB’s General Manager. He is well known in the global employee benefits market where he is recognized as a trusted point of reference in a sector where

MAXIS Global Benefits Network (MAXIS GBN) in April 2022 announced the appointment of Federico Morosi as Chief Technical & Financial Officer, effective on May 2, 2022. Based in Paris, Federico oversees MAXIS GBN’s Finance, Legal, Portfolio Management and Reinsurance & Reporting teams. A member of MAXIS GBN’s Executive Committee, he reports to CEO Mattieu Rouot. Jérôme Picon, Head of Finance & Operations, will be taking on new responsibilities within

The Organization for Economic Cooperation and Development (OECD) in April 2022 published its February 2022 unemployment figures: unemployment rate in the OECD area dropped below the pre-pandemic rate to 5.2%, down from 5.3% in January. This is the lowest level since the start of this data series in 2001. The number of unemployed workers in the OECD area also continued to fall, reaching 34.9 million, 0.7 million below its

The Organization for Economic Cooperation and Development (OECD) in April 2022 published its February 2022 inflation statistics, confirming their acceleration. Year-on-year inflation in the OECD area rose to 7.7% in February 2022, compared with 7.2% in January 2022, and 1.7% in February 2021. This increase reflected in part another sharp rise in inflation in Turkey, increasing from 48.7% in January to 54.4% in February. Excluding Turkey, inflation in the

The Organization for Economic Cooperation and Development (OECD) in April 2022 published its latest Composite Leading Indicators (CLI), based on data available up to March 2022. CLIs are designed to anticipate turning points in economic activity relative to long-term trends. The newest numbers point to growth losing momentum in Europe, but a stable growth in other major OECD economies. In Europe (U.K. and the Euro area) the lower growth