Meta Platforms Inc, the parent company of Facebook and WhatsApp, is awaiting a decision from the Department of Labor to authorise an Employee Retirement Income Security Act (ERISA) exemption to allow its captive to reinsure certain US employee benefits.
Meta has reinsured international employee benefits through its captive since formation in 2020, discussed by the multinational’s director of business risk and insurance Janaize Markland in GCP #51.
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