CUNA Mutual Group transitioned its employee benefits book of business to Digital Insurance to provide credit unions with employee benefits product solutions. Digital Benefit Advisors (DBA) will service this business, providing resources, expertise and education to help credit unions prepare for the Patient Protection and Affordable Care Act requirements.
As part of the expanded relationship with CUNA Mutual Group, Digital has arranged for replacement group life and disability offerings from insurance carriers, including Unum and The Guardian Life Insurance Company of America. These offerings feature preferred products, pricing and benefits for credit union employees.
Digital negotiated with carriers to design group life and disability policies specifically to meet the needs of credit unions and their employees. The plans will be available to existing and new customers immediately or during renewal periods to those currently covered by CMFG Life policies. DBA will service the plans through its newly formed Credit Union Services team, comprised of many former CUNA Mutual Group employee benefits professionals.
In other industry news:
Symetra Life Insurance Company appointed Michael Roscoe as senior vice president, Individual Life Strategy and Product Innovation. He reports to Tom Marra, president and CEO of Symetra Financial Corporation.
Roscoe will provide strategic leadership and direct product development work in Symetra’s Individual Life Division. He brings to his new role more than 30 years of life and annuity experience. He most recently served as vice president of Life Product Strategy at Prudential. Previously, he was senior vice president of Life Product Management at Hartford Life.
Roscoe will be based in Symetra’s Farmington, Conn., office.
“For nineteen years, New York Life has provided access to a wide range of affordable products and services that fill a need for 50-plus consumers,” said Mitch Stevens, SVP of Financial Products and Services for AARP Services Inc.
The Bright Choices Exchange is a private benefits exchange. Employers choose how much to spend each year on benefits and then each employee determines how to spend their share of the money.
ACE USA launched management liability insurance policies ACE Express Private Health Care Protection Policy and ACE Express Not-For-Profit Health Care Protection Policy specifically designed for health care organizations.
The policies provide expanded coverage for increasing risks from the False Claims Act, credentialing, clinical trial exposures and reinvigorated antitrust enforcement. The comprehensive coverage offers a solution to protect these organizations and their directors, trustees, officers, physicians and employees from such complex and ever-expanding exposures.