employee benefits News

Marsh Names Barton to Succeed Alway as Head of Jelf Group

Following completion of its acquisition of Jelf Group, first announced in September, Marsh has made a change in management. It has appointed Phil Barton to be CEO of Jelf in succession to Alex Alway, who is to become a non-executive …

Iowa Hospital, Minnesota Insurer Form Insurance Company

Des Moines, Iowa-based hospital and medical clinic company UnityPoint Health is getting into the health insurance business. The company said it has partnered with Bloomington, Minn., health care provider and insurer HealthPartners to create a health insurance company to be …

Jardine Lloyd Thompson Cuts Profit Forecast on Pension Changes, Strong Pound

Jardine Lloyd Thompson Group Plc lowered its expectations for 2015 profit after government pension changes hurt the insurance broker’s U.K. employee benefits business and the stronger pound cut income from overseas. Shares fell to the lowest since March 5. JLT …

Jardine Lloyd Thompson Appoints Viswanathan as CEO, UK Employee Benefits

Jardine Lloyd Thompson Group plc announced the appointment of Bala Viswanathan as CEO of JLT’s UK Employee Benefits business, subject to the necessary regulatory approval. Viswanathan succeeds Duncan Howorth, who has decided to retire for personal reasons. Viswanathan joined JLT …

Willis Aims to ‘Shake Up’ UK Employee Benefits Market with PMI Health Acquisition

Willis Group Holdings plc announced the completion of its acquisition of PMI Health Group (PMIHG), a leading independent healthcare adviser and broker in the UK. PMIHG will operate as Willis PMI Group while the business integrates with Willis Employee Benefits …

Risk Cooperative Launches Benefits Practice in D.C.

Risk Cooperative, a Washington, D.C.-based insurance brokerage and risk management firm, recently announced the launch of its Comprehensive Benefits practice. Risk Cooperative said the new practice aims to help small to mid-sized enterprises (SMEs) gain their footing in an increasingly …

JLT Employee Benefits to Buy Corporate Unit of Close Brothers Asset Mgmt

JLT Employee Benefits has agreed to acquire the corporate business of Close Brothers Asset Management Limited for an undisclosed value. JLT EB said the deal will boost its client portfolio and strengthen its market share in pension administration, investment consulting …

Lodge Joins Roach Howard Smith & Barton as AVP

Lynn Lodge joined Texas-based independent insurance brokerage firm Roach Howard Smith & Barton as assistant vice president of Employee Benefits. In her role as account executive for the Employee Benefits department, she is responsible for supporting new business production through …

Ambiguity Over Spousal Benefit Rules Could Test Gay Marriage Ruling

The Supreme Court was definitive in its decision to legalize gay marriage nationwide, but what is far from clear is whether U.S. companies must offer corporate benefits to same-sex spouses. Many large and mid-sized employers are self-insured, which means their …

Willis to Acquire PMI Health Group, UK-Based Healthcare Adviser & Broker

Willis Group Holdings plc announced an agreement to acquire PMI Health Group (PMIHG), an independent healthcare adviser and broker in the UK. Willis said the deal will significantly raise the company’s presence in the UK employee benefits and healthcare market, …