Employers can give their employees a set amount of money and then direct them to a private exchange. There, they can shop for a health plan and other benefits, like dental, based on what the employer has selected as options.
Safeco sale 'bittersweet,' says CEO Reynolds. By DAN RICHMAN, P-I REPORTER. Selling Safeco Corp. was a bittersweet moment, Chief Executive Paula Reynolds said Wednesday, after the announcement that Boston's Liberty Mutual Group will buy the 85-year-old homegrown insurer for $6.2 billion in cash.
Former RBS chief Stephen Hester joins RSA as CEO. Stephen Hester has been appointed chief executive of insurance giant RSA. Scandal-hit insurer RSA Insurance has hired the former chief executive of Royal Bank of Scotland, Stephen Hester, to run it in the wake of the discovery of a Â£200m black hole in its Irish business.