Generali Employee Benefits Network (GEB) has partnered with Unum Limited in the UK, with Unum securing the renewal rights of Generali UK’s employee benefits business, encompassing its group risk products.
Unum will become part of the GEB Network with immediate effect.
GEB has an extensive fronting network for EB programmes reinsured into corporate captives, with presence and local partners in more than 120 countries.
Unum, which is also welcoming Generali UK branch employee benefits team, will administer Generali UK Employee Benefits’ in-force policies and claims to ensure continuity of service.
Generali UK group risk policies will commence with Unum once terms have been accepted before or at the policyholder’s next rate review.
“Welcoming Unum into the GEB Network reflects our strategic ambition and unwavering dedication to sustainable growth and operational excellence,” said Ludovic Bayard, CEO of GEB Network.
“By partnering with Unum, a leading employee benefits provider in the UK market, we are significantly strengthening our position in the UK, in the International EB business arena and in our commitment to delivering best-in-class and innovative solutions to our captives and multinational clients.”
Mark Till, CEO of Unum UK, said: “This acquisition, combined with the expansion of our operations, strengthens our commitment to delivering high-quality workplace protection benefits and exceptional customer experiences.
“We’re proud to already protect millions of individuals across the UK, and we’re looking forward to working in partnership with GEB to extend our products and services to even more people.”