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.
Albertsons, which is privately owned by Cerberus Capital Management, Kimco Realty Corporation, Klaff Realty, Lubert-Adler Partners, and Schottenstein Stores Corporation, will acquire all Safeway shares. Safeway (SWY) shareholders are expected to receive $40 per share.That values the deal at more than $9 billion.till, the combined company will be be slightly smaller than Kroger, the largest grocery retailer in the U.S., which has 2,600 stores. Working together will enable us to create cost savings that translate into price reductions for our customers, said Albertsons CEO Bob Miller in the release.