Insurance companies

AIG Appoints Industry-Leading Executive to Lead General Insurance’s Business and Technology Operations

Retrieved on: 
Thursday, June 6, 2019
Technology, Other Technology, Professional services, Insurance, Insurance companies, American International Group, Subprime mortgage crisis, Economy of New York City, Companies, Peter Zaffino, Bob Benmosche

American International Group, Inc. (NYSE: AIG) today announced that John Cusano has been appointed Chief Business & Technology Operations Officer, General Insurance, effective July 1, 2019.

Key Points: 
  • American International Group, Inc. (NYSE: AIG) today announced that John Cusano has been appointed Chief Business & Technology Operations Officer, General Insurance, effective July 1, 2019.
  • In this new leadership role, Mr. Cusano will be responsible for enhancing General Insurances business and technology operations infrastructure as well as aligning end-to-end processes with established target operating models.
  • Mr. Cusanos global portfolio includes General Insurances Shared Services, Information Technology, Project Management Office and Vendor Management operations.
  • He will report to Peter Zaffino, President and CEO, AIG General Insurance, and Global Chief Operating Officer, AIG, and serve on the General Insurance Executive Leadership team, as well as the AIG Global Technology Council.

MassMutual Taps Gareth Ross for Expanded Role as Head of Enterprise Technology and Experience

Retrieved on: 
Thursday, June 6, 2019
Professional services, Finance, Insurance, Madoff investment scandal, Massachusetts Mutual Life Insurance Company, ETX, Insurance companies

Notably, industry leaders Arthur Riel and Jim Routh have also joined MassMutual and the ETX organization as head of Core Technology & Initiatives and head of Enterprise Information Risk Management, respectively.

Key Points: 
  • Notably, industry leaders Arthur Riel and Jim Routh have also joined MassMutual and the ETX organization as head of Core Technology & Initiatives and head of Enterprise Information Risk Management, respectively.
  • Gareth brings a distinct combination of strategic vision and proven ability to build and lead top teams to this expanded role, said Roger Crandall, MassMutual Chairman, President and CEO.
  • I am confident that Gareth and his strong leadership team will continue to develop superior technology and digital solutions to deliver a seamless experience to our policyowners, customers, distribution partners and employees.
  • Im excited to welcome some of the nations leading tech talent to MassMutual and our ETX leadership team, said Ross.

Prudential Financial, Inc. 2019 Investor Day presentation materials and live webcast available

Retrieved on: 
Wednesday, June 5, 2019
Professional services, Banking, Finance, Insurance, Communications, Public relations, Investor relations, Companies, Insurance companies, Prudential Financial, Prudential plc, Pru, New York Stock Exchange

Presentation materials for the Prudential Financial, Inc. (NYSE: PRU) conference for institutional investors and analysts are now available at Prudential's Investor Relations website, investor.prudential.com .

Key Points: 
  • Presentation materials for the Prudential Financial, Inc. (NYSE: PRU) conference for institutional investors and analysts are now available at Prudential's Investor Relations website, investor.prudential.com .
  • The conference begins on Wednesday, June 5, 2019 at 1:00 p.m.
  • Prudential Financial, Inc. (NYSE: PRU) , a financial services leader with more than $1 trillion of assets under management as of March 31, 2019, has operations in the United States, Asia, Europe, and Latin America.
  • In the U.S., Prudentials iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century.

MassMutual Celebrates Groundbreaking of Future Boston Building at Fan Pier

Retrieved on: 
Tuesday, June 4, 2019
Professional services, Finance, Insurance, Construction & Property, Commercial Building & Real Estate, Madoff investment scandal, Massachusetts Mutual Life Insurance Company, Baring Asset Management, The Fallon Company, Insurance companies, Economy of the United States, Companies

(Photo: Business Wire)

Key Points: 
  • (Photo: Business Wire)
    Once completed, the new 17-story, 310,000-square-foot building will house approximately 1,000 MassMutual employees.
  • Fan Pier is a dynamic urban center in Boston, with a vibrant environment well-suited for progressive, civic-minded companies like MassMutual to thrive.
  • Fan Pier is a joint venture of The Fallon Company and Barings, a MassMutual asset management affiliate.
  • 10 Fan Pier Boulevard will be the final commercial tower at Fan Pier and is expected to be completed in late 2021.

Judge to Decide if CVS-Aetna Merger is Bad Medicine

Retrieved on: 
Tuesday, June 4, 2019
Women, Discount, Variety, Practice Management, Health, AIDS, Infectious diseases, Public policy, Government, Healthcare reform, Courts, Pharmaceutical, Public policy, Philanthropy, Professional services, Insurance, Retail, Specialty, Consumer, Gay & Lesbian, Foundation, General Health, MEN, Managed care, Insurance companies, Aetna, CVS Health, Health insurance in the United States, Richard J. Leon, Health

The Tunney Act requires that merger settlements like that proposed between DOJ (Department of Justice) and CVS/Aetna be reviewed by a federal judge to ensure that the conditions imposed on the merger sufficiently address the competitive harms identified by the DOJ.

Key Points: 
  • The Tunney Act requires that merger settlements like that proposed between DOJ (Department of Justice) and CVS/Aetna be reviewed by a federal judge to ensure that the conditions imposed on the merger sufficiently address the competitive harms identified by the DOJ.
  • In an order in April, Judge Richard J. Leon of the U.S. District Court for the District of Columbia invited the amici to propose witnesses to testify at the hearing.
  • The court also allowed the proponents of the merger to propose witnesses in rebuttal.
  • The hearings are set to take place this week in Judge Leons courtroom in Washington from June 4th to June 6th.

Protective Closes Reinsurance Transaction with Great-West

Retrieved on: 
Monday, June 3, 2019
Professional services, Banking, Finance, Insurance, Finance, Insurance companies, Economy, Dai-ichi Life, Protective Life, Great-West Lifeco, Insurance, Life annuity, The Great-West Life Assurance Company, United Investors Life Insurance Company

Protective Life Corporation (Protective), a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750), announced today that its principal subsidiary, Protective Life Insurance Company (Protective Life), and Protective Life & Annuity Insurance Company, completed the transaction with Great-West Life & Annuity Insurance Company (GWL&A) to acquire via reinsurance substantially all of its individual life and annuity business.

Key Points: 
  • Protective Life Corporation (Protective), a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750), announced today that its principal subsidiary, Protective Life Insurance Company (Protective Life), and Protective Life & Annuity Insurance Company, completed the transaction with Great-West Life & Annuity Insurance Company (GWL&A) to acquire via reinsurance substantially all of its individual life and annuity business.
  • The transaction is expected to represent a capital investment by Protective of approximately $1.2 billion and is the companys largest acquisition to date.
  • Protective Life Corporation (Protective) provides financial services through the production, distribution and administration of insurance and investment products throughout the U.S.
  • Protective traces its roots to its flagship company, Protective Life Insurance Company founded in 1907.

MassMutual Joins Benefitfocus Platform With Three New BenefitsPlace-certified Products

Retrieved on: 
Thursday, May 30, 2019
Employee benefits, Massachusetts Mutual Life Insurance Company, Insurance companies

MassMutual joins other top insurance carrier brands and voluntary benefits product suppliers on the industry's largest benefits platform.

Key Points: 
  • MassMutual joins other top insurance carrier brands and voluntary benefits product suppliers on the industry's largest benefits platform.
  • Employers and their trusted advisors rely on Benefitfocus to simplify the business of benefits and seamlessly deliver the largest offering of best-in-class benefits products to protect employees and their families.
  • We're proud to join the BenefitsPlace platform, and hope our products and services will help boost employees' financial confidence."
  • Benefitfocus (NASDAQ: BNFT) unifies the entire U.S. benefits industry on a single technology platform to protect consumers' health, wealth, property and lifestyle.

AIG Appoints Sharon French President and Chief Executive Officer, Life & Retirement Funds

Retrieved on: 
Wednesday, May 29, 2019
Professional services, Finance, Insurance, Subprime mortgage crisis, Economy of New York City, American International Group, Insurance companies, Companies

American International Group, Inc. (NYSE: AIG) today announced the appointment of Sharon French as President and Chief Executive Officer, Life & Retirement Funds.

Key Points: 
  • American International Group, Inc. (NYSE: AIG) today announced the appointment of Sharon French as President and Chief Executive Officer, Life & Retirement Funds.
  • View the full release here: https://www.businesswire.com/news/home/20190529005951/en/
    Sharon French, President and Chief Executive Officer, Life & Retirement Funds (Photo: Business Wire)
    In her new role, Ms. French will lead the Life & Retirement Funds business, which comprises both AIGs retail mutual funds operation and SunAmerica Asset Management, LLC, which manages and administers over $85 billion in assets across multiple Life & Retirement business lines.
  • We are pleased that Sharon will be joining AIG to advance our strategy to broaden our distribution footprint and the range of our product and service offerings, said Kevin Hogan, Executive Vice President and Chief Executive Officer, Life & Retirement.
  • AIG Life & Retirement, a division of AIG, brings together a broad portfolio of protection, retirement savings, investment and lifetime income solutions to help people achieve financial and retirement security.

MetLife Boosts Employee Benefits Leadership Team

Retrieved on: 
Wednesday, May 29, 2019
Professional services, Human resources, Insurance, MetLife, Employee benefits, Insurance companies, Companies

MetLife has appointed two seasoned international leaders to its Employee Benefits business to further enhance its offering to intermediary partners and focused customer segments in the Gulf.

Key Points: 
  • MetLife has appointed two seasoned international leaders to its Employee Benefits business to further enhance its offering to intermediary partners and focused customer segments in the Gulf.
  • Matthew, who joins from MetLifes Australian business, will head up the team responsible for Employee Benefits sales with intermediary partners and clients in the UAE.
  • As the employee benefits industry rapidly evolves, influenced by technology, maturing healthcare outcomes, and increasing customer expectations, MetLife is committed to transforming its business through enhancing its product portfolio in the Gulf, where it has been providing employee benefits for over 65 years.
  • Founded in 1868, MetLife is a global provider of life insurance, annuities, employee benefits and asset management.

Innovative Health Technology Wins Esteemed Awards at AXA Health Tech & You

Retrieved on: 
Tuesday, May 28, 2019
Companies, AXA, Insurance companies, Finance, Banks, CAC 40

Now in its fifth year, AXA Health Tech & You, a programme led by AXA PPP healthcare, continues to promote the widespread awareness of health tech and to empower people to use this technology to live life well today and in the future.

Key Points: 
  • Now in its fifth year, AXA Health Tech & You, a programme led by AXA PPP healthcare, continues to promote the widespread awareness of health tech and to empower people to use this technology to live life well today and in the future.
  • AXA Health Tech & You has seen some of the most innovative health technology come through its Awards programme over the past five years, with entrants from all over the world aspiring to win a coveted award.
  • In addition, the Innovation and Excellence in Health Tech categories were shaped through the advice of the specially-formed AXA Health Tech & You Expert Group, comprising leaders and experts from technology, health, charity, consumer advocacy, medical, design and media.
  • For more information on this year's winners and the AXA Health Tech & You Awards programme, visit www.healthtechandyou.com
    There are six categories for the Health Tech & You Awards 2019.