MSH, a subsidiary of the Diot-Siaci group, launches Elucin, a Luxembourg-based entity dedicated exclusively to employee benefits captives. Sven Roelandt and Zulu Khan are appointed to lead the new entity. Both report directly to Frédéric Grand, employee benefits global practice lead of Diot-Siaci and chief executive officer of MSH, who MSH says will be actively involved in Elucin. Elucin is to support multinationals at every stage, from assessing opportunities through to optimising mature captive programmes. It serves international groups and their captives, including captives domiciled outside Europe, with programmes coordinated centrally and deployed locally through the networks and brokers already in place for the client. Khan oversees the underwriting and operations functions and leads the entity’s expansion into the North American market. Diot-Siaci states that the new entity strengthens its international expertise through a team exclusively dedicated to employee benefits captives. The group describes itself as a European broker of corporate insurance and reinsurance and of international private medical insurance. MSH frames the launch around a change in who inside a company drives the decision. The company states that captives used to be reserved for finance divisions and risk managers, that they have now become strategic for human resources managers, and that they enable organisations to optimise the financing of employee benefits while enhancing their value for employees. Roelandt has more than 20 years of experience in employee benefits, across Zurich Insurance, Insurope, Generali Employee Benefits and Aon. Over seven and a half years at Aon, Roelandt created and led the global employee benefits captive business, latterly serving as global leader for employee benefits financing and before that leading the captive employee benefits services team from its creation in 2022. Khan brings underwriting experience gained with insurers, captive administrators and brokers, including AXA, Generali and Granite Management, the Bermuda firm where he was vice president of client management. Khan spent four years and eight months at Aon, latterly as global benefits captive consulting leader for North America in New York, having been head of operations and underwriting for captive employee benefits services in Paris. Earlier roles include head of sales and underwriting at Generali Global Pension and group pensions senior underwriter at AXA in France. MSH does not state Elucin’s legal form, and does not say whether it holds or requires any authorisation in Luxembourg. MSH states that it has more than 700,000 insured members across more than 200 countries and 2,000 corporate clients, and describes itself as the healthcare partner for internationally mobile individuals, covering employees of multinationals and international organisations, small and medium enterprises, expatriates, students and cross-border commuters.
