1967: IGP was founded with Ford as its first Client In the 1960s, Ford began to expand globally, and Ford of Europe was established in 1967. At the time, Ford was the largest domestic client of John Hancock’s Group Insurance Division. The concept of multinational pooling did exist at the time, though it was not widely practiced. Ford and John Hancock collaborated on the possibility of reinsuring and pooling the employee benefits plans of Ford’s overseas operations.
Part of the Generali Group, Generali Employee Benefits (GEB) is a leading business line focused on providing solutions in the space of employee benefits for multinational corporations. With a network presence in more than 130 countries and around 25% market share, GEB offers an broad range of services and products that multinational employers may need for their workforce and their families, from locally admitted policies to cross border arrangements for mobile employees and expatriates, as well as the most sophisticated employee benefit solutions at a local level including multinational pooling and Reinsurance to a captive.