Just one day on from the announcement that
Berkshire Hathaway was setting up a London base, another notable firm has opened its doors in the capital.
The company in question is MAXIS Global Benefits Network, an international joint venture between two heavyweights of the insurance industry:
AXA and
MetLife. It has established headquarters in an effort to capitalise on global demand, as part of a major investment programme.
In a statement announcing that its doors have opened, MAXIS GBN outlined that it will undergo a rebranding while also spending on technology and staff.
“It is important to be at the centre of the insurance world and this means being in London,” said Mauro Dugulin, CEO of MAXIS Global Benefits Network.
“MAXIS GBN will be centrally managed and this enables us to offer better control, greater consistency and the opportunity to review reinsurance pricing and underwriting conditions from a truly global perspective, all for the benefit of our members and their clients.
“Diminishing returns on multinational pooling, increasing interest in the use of captives, a greater thirst for information and rising healthcare costs make for a challenging environment for international benefits & compensation and risk managers. The new MAXIS GBN has been developed to meet these challenges and offer technology led solutions to help drive employee benefit programmes forward.”
The firm, which was established by MetLife and AXA back in 1998, is among the leading employee benefits networks in the world. Its primary target markets for growth include the US, France, Germany, the UK, Netherlands and Switzerland.
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