MAXIS Global Benefits Network (GBN), a joint venture between MetLife and AXA, has selected London for its global headquarters, as the firm looks to capitalise on global demand for employee benefits programmes from multinationals.
In its London headquarters, MAXIS GBN plans to expand its range of solutions, offering the latest developments in pooling and global programmes.
The firm has also developed a new IT platform, Bridge, which will allow it to provide pricing and data analytics to its members and clients.
Mauro Dugulin, CEO of MAXIS GBN, said: “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 and 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.”
After gaining 50 new clients last year, MAXIS GBN is targeting 20 percent growth in overall volume of premiums in 2017.
According to MAXIS GBN, it will look to increase its global market share, particularly with existing clients, as well as building on relationships with employee benefit consultants.
The company is planning to target markets including the US, France, Germany, the UK, the Netherlands and Switzerland.
MAXIS GBN was established by MetLife and AXA in 1998 and specialises in employee benefits networks.