Big Changes at Assurant

Posted by:

Last week, Assurant, Inc. announced an agreement to sell its employee benefits business to Sun Life Assurance Company of Canada, a subsidiary of Sun Life Financial, Inc., for $940 million. This transaction comes just three months after Assurant shut down operations at Milwaukee-based Assurant Health. It also coincides with the announcement of increased dividends to shareholders and a rise in the company’s stock price.

The employee benefits business purchased by Sun Life includes Assurant’s voluntary and employer paid dental, ...

Continue Reading →
0

Willis Looks to Lift Consulting Business With Acquisitions

Posted by:

Large insurance companies like Aetna and Humana are not the only goliaths that are joining forces these days. A number of insurance brokers and consulting firms have been actively pursuing mergers and acquisitions to create synergies and growth opportunities. Willis Group Holdings plc, the London-based parent of Willis North America, has been particularly active this year.

Willis announced plans in January to combine its wholesale insurance brokerage units with Miller Insurance Services LLP. At the time, Willis CEO Dominic Casserly said ...

Continue Reading →
0

Broker, Insurer Revenues Rise as Uninsured Rate and Wages Fall

Posted by:

With tax day just one week away, many Americans are being reminded that 2014 was the first year they will have to pay a penalty for not having health insurance. The requirement to get health coverage is leading more and more people to sign up for health insurance and helping to reduce the rate of the uninsured. At the same time, these new customers are helping to bolster profits at the largest brokerages and insurance companies. The cost ...

Continue Reading →
0

Survey Shows Strong Employer Interest in Health Benefits, Private Exchanges, and Independence

Posted by:

Independence

A recent survey of over 400 employers reveals that employers are committed to offering health benefits to active employees, and that interest in private exchanges remains strong. In addition, the vast majority of employers surveyed reported that it is very important for their advisors to be independent of any exchange solution they ...

Continue Reading →
0

Employers taking steps to drive health plan value

Posted by:

Employers are continuing to take steps to get the most value out of their employee health plans. Responses from the 2014 Towers Watson/NBGH Employer Survey on Purchasing Value in Health Care show that the best-performing employers are acting aggressively to improve their health plan cost trend and also help employees manage their well-being. Steps taken by employers include establishing coverage tiers based on the number of covered dependents, modifying health ...

Continue Reading →
0

A New Niche: Unbiased Private Exchange Consulting

Posted by:

Employers are eager to learn about innovative employee benefit concepts like private exchanges but struggle to find a resource that isn’t pushing their own product.  Traditional brokers and consulting firms are reluctant to objectively evaluate private exchanges as many have invested significant resources in developing proprietary private exchange platforms.

An objective third party is essential understanding all private exchange options.  Although many view their broker as a trusted adviser, additional objective consulting is often requested by senior executives who now play a larger ...

Continue Reading →
0