Alcon in April 2019 announced it had added Sahil Batra to its staff as Senior Asia Benefits Manager, based in Singapore. Based in Geneva, Switzerland, Alcon is a global eye care provider. It was founded in Fort Worth, Texas; Fort Worth still is “a major operational, commercial, and innovation hub”. According to the company’s website, Alcon is “the largest eye care device company in the world” and has “complementary
Chubb in January 2019 named Glen Browne as deputy regional president for Asia-Pacific and division president for Southeast Asia. He is based in Singapore and report to Paul McNamee, SVP and regional president, Asia-Pacific. Browne is in charge of Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam. He retains his current role of regional head of accident & health for Asia-Pacific. Prior to his current position, he served at ACE,
Grab, a Singapore-based competitor to Uber present also in the Philippines and in Malaysia, in January 2019 announced it would sell insurance through its smartphone app. Grab will open up its ride-hailing app as a platform for direct distribution of insurance policies. The new capability is provided by Chinese partner ZhongAn Online P&C Insurance. The first insurance carrier to join the program is Chubb, with a loss of income
ECA Italy in June and July 2018 organizes three training sessions for HR professionals, covering tax, benefits, employment law and immigration. The destinations addressed are Asia, the U.S., and the Balkans. The Asia session (China, Singapore, Hong Kong, Vietnam) is scheduled on 6 June 2018 from 09:30 to 17:00 U.S.A. session: June 20, 2018 from 09:30 to 13:30 Balkans session (Romania, Serbia, Bosnia, and Montenegro) – 4 July 2018
Massachusetts Mutual Life Insurance Company’s (MassMutual) international insurance holding company MassMutual International in March 2018 sold 85% of its wholly owned subsidiary MassMutual Japan to Nippon Life. MassMutual Japan, formerly known as Heiwa Life, was acquired by MassMutual in 2001. MassMutual will receive approximately USD 935 million in cash (JPY 104 billion) and retain approximately 15 percent ownership in MassMutual Japan. The transaction is expected to close in the first
Lockton hosts its annual Global Benefits Forum focusing on “Rethinking Corporate and Employee Wellbeing”. In 2018, the Forum will be held in Chicago, Hong Kong, and London. General and breakout sessions will address how corporate policies and employee benefit programs can best support the financial, physical, mental, and social wellbeing of employees in a global organization. The Asian edition of the Forum is held over two days on June
Massachusetts Mutual Life Insurance Company (MassMutual) in August 2017 sold its Hong Kong-based subsidiary, MassMutual Asia, to Yunfeng Financial Group and other Asia-based investors for approximately $1.7 billion, including a 24.8% stake in Yunfeng Financial Group. MassMutual Asia owns a P/C insurer and MassMutual Trustees, which focuses on the Mandatory Provident Fund business, a compulsory pension plan for the retirement of residents in Hong Kong. According to the joint
As it expands its employee benefits practice in Asia, global consulting and actuarial firm Milliman in July 2017 announced that Mark Whatley will join their ranks as a consulting actuary in Singapore, where he will focus on further developing the firm’s employee benefits business across multinational, local, and government-linked organizations. Whatley previously directed Willis Towers Watson’s benefits practice in South East Asia. A member and Fellow of the Singapore
Joos Louwerier, current CEO of Allianz Life Korea, in June 2017 was named Country Manager and CEO for Allianz Life Indonesia, replacing Joachim Wessling. Louwerier will oversee the growth strategy and have overall management responsibility for all Allianz operations in Indonesia. A graduate of the University of Amsterdam, Louwerier also holds two Executive MBAs from the UCLA Anderson School of Management and the National University of Singapore. He brings
Handojo G. Kusuma has been appointed Deputy CEO for Allianz Life Indonesia. He will oversee Distribution and Market Management to expand sales and channel growth.
Global consulting and actuarial firm Milliman in June 2017 released the findings of a study titled “Participating business in Asia: 2016 Edition.” The study analyses and compares participating (par) business across seven Asian insurance markets, most notably Singapore, India, Malaysia, Hong Kong, mainland China, Indonesia and Sri Lanka. The report collates in-depth information not otherwise available and provides insight from survey results about par business in Asia and includes:
138 Asian senior female executives were polled by U.S. based consultancy firm Heidrick & Struggles, across Singapore, India, Hong Kong, Japan, and China between May and December 2016, and the results of that poll indicate that women in multinational corporations feel marginalized to regional roles. 54 percent of the women believe that the lack of global opportunities is due to their ethnic background, while 47 percent felt that gender
Ms Chua Wan Ching in March 2017 joined the IGP Singapore team as IGP Regional Director – Asia. Wan Ching, a Singapore national, brings with her a 17-year career in health and benefits, mainly gained within the advisor community, most recently with Willis Towers Watson and Aon, where she has been responsible for maintaining key relationships with global, regional and domestic clients. Her responsibilities in IGP include overseeing regional
Lockton Global Benefits is hosting its annual Global Benefits Forum in three locations in 2017: Washington, D.C., London and Manila. The theme of each Forum is “Employee Benefits in a Globally Connected World.” The Asian edition of the Forum is held over two days on May 15 and 16, 2017 in Manila, The Philippines. The registration fee is PHP 12,500 with an early-bird discount available until January 20, 2017.
In September 2016, Zurich appointed Jack Howell as regional chief executive officer for Asia Pacific, based in Hong Kong and reporting directly to Mario Greco, group chief executive officer. In April 2015, Generali, then still led by Greco, had appointed Howell as regional chief executive officer for Asia. Jack Howell, 46, a U.S. citizen, holds a B.S. in Quantitative Economics from Tufts University and an MBA from the University
IGP hosts the Asia-Pacific regional version of its international employee benefits seminar in Singapore on September 29, 2016. During the seminar, HR professionals, C&B specialists, Risk Managers and Finance Executives of all levels have the opportunity to discuss past, current and future employee benefits trends with industry specialists and their peers. A mix of country panels with a focus on the Asia-Pacific region is provided, along with topical plenary
IGP hosts an event aimed at Malaysian subsidiaries and advisors in Penang, Malaysia on Wednesday on April 27, 2016. The programme includes an introduction to pooling and other topical sessions about employee benefits trends. There is no fee to attend. More information and registration here.
IGP hosts an event aimed at Malaysian subsidiaries and advisors in Kuala Lumpur, Malaysia on Tuesday on April 26, 2016. The programme includes an introduction to pooling and other topical sessions about employee benefits trends. There is no fee to attend. More information and registration here.
IGP hosts an event aimed at Indonesian subsidiaries and advisors at Manulife’s offices in Jakarta, Indonesia on Tuesday, April 19, 2016. The programme includes an introduction to pooling and other topical sessions about employee benefits trends. There is no fee to attend. More information and registration here.
IGP hosts an event aimed at Korean subsidiaries of Japanese multinationals at Samsung Life’s offices in Seoul, Korea in the afternoon of Friday 19, 2016. Held in Japanese, the 3-hour workshop includes an introduction to pooling and labor law and human resources management in Korea. There is no attendance fee and the deadline for registering is February 12, 2016. Link : IGP Seminar website
Willis appointed Simon Weaver as CEO of its Singapore office, as well as to the newly-created role of regional CEO for South-East Asia.
Willis announced in July 2015 the appointment of Cedric Luah as Asia Head of Human Capital and Benefits, to lead its Asia regional operations based in Singapore. Cedric joins Willis from the AIA group office in Hong Kong where he was responsible for multinational strategies, corporate clients relationships and multinational pooling. Prior to AIA, he spent seven years with the Swiss Life network, where he was the Head of Sales
AXA has announced in June 2015 the creation of AXA Lab Asia in Shanghai, identical to AXA Lab in the Silicon Valley. Led by Frank Desvignes, it will act as a business-focused center of expertise on data analytics and foster Research & Development. Meanwhile, AXA Strategic Ventures will open a new office in Hong Kong, so as to be in the best position to seize the numerous investment opportunities
Cigna survey shows Hong Kong trailing, China leading Asia-Pacific in health and wellness perceptions
In a January 2015, Cigna-commissioned “360° Well-Being” survey of motivations, perceptions, and attitudes toward overall “well-being” among the general public in Asia and other international markets, Hong Kong ranked last—and China led the pack. Countries surveyed in the Asia-Pacific region included South Korea, Thailand, and New Zealand. Hong Kongers perceive themselves as performing “poorly” across all health and well-being categories compared to other markets.