Here's what's been happening in employee benefits over the last month or so:
Lincoln Financial Group announced it has entered into a definitive agreement to acquire Liberty Life Assurance Company of Boston from Liberty Mutual Insurance Group. Upon completion of the transaction, Lincoln Financial will retain Liberty's Group Benefits business and reinsure Liberty's Individual Life and Annuity business to Protective Life Insurance Company. The combined organization will offer Life, Disability, Dental, Vision, Critical Illness, and Accident insurance, plus a full suite of enhanced absence management services.
Hub International of California, a wholly owned subsidiary of global insurance brokerage, risk advisory and employee benefits firm Hub International Limited, has hired Jason Del Grande as Vice President, Employee Benefits. Del Grande will join the San Francisco Employee Benefits team which effectively shares servicing responsibility with ten “sister” offices in Northern California.
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