Spotlight: Why Foster Higgins is thinking globally
Article Abstract:
Johnson and Higgins, US, insurance broker, which operates worldwide, formed Foster Higgins, a subsidiary to handle employee benefits, in 1988, to satisfy the total consulting requirements of the parent company's bigger clients. The subsidiary set up offices in each of nine new US consulting areas. Bob Powell, a Johnson and Higgins director, was appointed chief executive and chairman of Foster Higgins in January 1992. In January 1993 the subsidiary merged its US and foreign benefits consulting businesses. It now has offices in Hong Kong, which looks after the Far East, and Miami, FL, which looks after Latin America, and is involved in UNISON Consultants Europe, a joint venture company in Brussels, Belgium, with eight partners, including Gras Savoye, France, Jauch and Hubener, Germany, and Hymans Robertson, UK. Sibson and Company, Foster Higgins sister company, handles compensation consulting and organisational effectiveness in Canada and the US.
Publication Name: Benefits & Compensation International
Subject: Human resources and labor relations
ISSN: 0268-764X
Year: 1993
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New insurance products
Article Abstract:
The problem hindering innovation in Belgium's insurance market is the absence of a conducive legal framework. Conservative and outdated, Belgium's insurance law restricts freedom of movement of insurance companies and the advent of flexible funding methods. Belgian insurers hope to improve the current situation by the introduction of the new Life Act slated for the end of 1992. The Act would legislate the freedom to set premium rates, flexibility of funding for supplementary benefit plans and new product types such as universal life, unit-linked life and equity-linked products.
Publication Name: Benefits & Compensation International
Subject: Human resources and labor relations
ISSN: 0268-764X
Year: 1992
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Captive insurance companies: appearance and reality
Article Abstract:
More captive insurance companies are being formed as the market for captive insurance grows. Most of the new companies insure property/casualty insurers, although a few are starting to insure multinational benefits. Companies offering the latter kind of service are mainly involved in reinsuring death and disability benefits, post-retirement benefit programs, termination benefits and insured medical benefits. The advantages offered by captive insurance companies servicing multinational benefits are best demonstrated by pro forma financial models.
Publication Name: Benefits & Compensation International
Subject: Human resources and labor relations
ISSN: 0268-764X
Year: 1996
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