RADNOR, Pa., Aug. 23, 2012 /PRNewswire/ -- GeoBlue, a
leader and innovator serving the medical needs of expatriates and
world travelers, today announced a group employee benefits offering
through its relationship with Zurich American Life Insurance
Company, a part of Zurich Insurance Group (Zurich). Zurich Expatriate SolutionZ™ offers
life and disability coverages designed to help today's businesses
provide a cost-effective and comprehensive employee benefits
package to satisfy the diverse needs of a globally mobile workforce
that includes expatriates and third country nationals.
"To help attract, insure and maintain the best staff possible,
employers need to provide a superior employee benefits package,"
said Sherif Zakhary, head of Corporate Life & Pensions for
Zurich Global Life North America. "The addition of group life and
long term disability benefits provides a critical element that
rounds out the coverage needed in an international benefits
package."
"GeoBlue brings exceptional value and service to group health
plans for expatriates and is pleased to join forces with
Zurich to distribute group life
and long term disability," said Angelo
Masciantonio, Chief Executive Officer of GeoBlue's parent
company, Highway to Health. "Zurich has the experience to design global
products that are highly competitive and backed by solid financial
ratings[1]."
Zurich's specialized Corporate
Life & Pensions team in North
America worked with GeoBlue and designed the offerings to
meet the specific needs of multinational organizations.
Zakhary added, "With Zurich being one of the world's largest
insurance groups and one of the few to operate on a truly global
basis, we understand the unique nature of international benefits
programs and work to help our customers understand and protect
themselves from risk."
In addition to group life and long term disability, Zurich coverages available for expatriates,
third country nationals and key local nationals include:
- Multinational pooling and captive fronting services
providing greater financial and risk management advantages
- Pension solutions ranging from efficient and cost-effective
domestic schemes to flexible and portable solutions for
globally mobile employees
For more information, visit geo-blue.com.
The information enclosed is intended as a general description
of certain types of insurance and services available to qualified
customers. Certain products, contract terms, and services may not
be available in all states or may vary by state. Not available in
New York. GeoBlue is the trade
name of Worldwide Insurance Services, LLC, an independent licensee
of the Blue Cross and Blue Shield Association.
About GeoBlue
GeoBlue is the trade name for the international health insurance
programs of Worldwide Insurance Services, an independent licensee
of the Blue Cross Blue Shield Association. Setting the industry
standard, GeoBlue's mission is to provide peace of mind to long-
and short-term global travelers by offering competitive insurance
protection and technology-powered assistance, including an elite
community of thousands of carefully selected, contracted doctors
and hospitals in almost every country in the world as well as its
signature destination databases, mobile tools and concierge-level
services. The scope of GeoBlue's services and technology creates a
complete, reliable, convenient way to keep international travelers
and expats healthy and productive. For more information, visit
geo-blue.com.
About Zurich
Zurich Insurance Group (Zurich)
is a leading multi-line insurance provider with a global network of
subsidiaries and offices in Europe, North
America, Latin America,
Asia-Pacific and the Middle East as well as other markets. It
offers a wide range of general insurance and life insurance
products and services for individuals, small businesses, mid-sized
and large companies as well as multinational corporations.
Zurich employs about 60,000 people
serving customers in more than 170 countries. The Group, formerly
known as Zurich Financial Services Group, is headquartered in
Zurich, Switzerland, where it was
founded in 1872. The holding company, Zurich Insurance Group Ltd
(ZURN), is listed on the SIX Swiss Exchange and has a level I
American Depositary Receipt program which is traded
over-the-counter on OTCQX. Further information about Zurich is available at www.zurich.com.
In North America, Zurich is a leading commercial
property-casualty insurance provider serving the global corporate,
large corporate, middle market, specialties and programs sectors.
Life insurance offered in the United
States is issued by Zurich American Life Insurance Company,
an Illinois domestic life
insurance company. For more information about the products and
services it offers and people Zurich employs around the world, go to
http://www.zurichna.com/zna/aboutzurich/zna-home.htm. 2012 marks Zurich's 100 year anniversary of insuring
America and the success of its customers, shareholders and
employees. Further information about Zurich's 100 year anniversary of insuring
America is available at http://www.zurichna.com/100.
[1] Zurich American Life Insurance Company's financial ratings
include A (Excellent), Stable Outlook by A.M. Best (Effective
July 2012), A- (Strong), Stable
Outlook by Standard & Poor's (Effective November 2011) and A3 (Good), Stable Outlook by
Moody's (Effective January 2012).
Visit www.zurich.com for updated information on Zurich ratings.
Contact: Moira Bishop
610-254-8710
mbishop@hthworldwide.com
SOURCE GeoBlue