Enterprise shaped by the acquisition of US and UK companies from big
Aptia, a newly established firm, has formally launched with the assist of Bain Capital Insurance coverage, the devoted insurance coverage investing unit of Bain Capital.
The merger of the 2 companies goals to offer distinctive service, assist, and advantages plan administration to over 5 million people throughout greater than 1,100 shoppers, Aptia stated.
Aptia will oversee a complete worker advantages administration platform for the US and one of many largest outlined profit pension administration platforms in the UK. The corporate shall be led by an skilled administration workforce, together with CEO Bala Viswanathan and chairman Dominic Burke, who deliver experience from their earlier roles at Jardine Lloyd Thompson (JLT) and Marsh McLennan.
Viswanathan, who has been serving because the COO of Mercer since Marsh McLennan’s acquisition of JLT in 2019, beforehand led JLT’s international worker advantages enterprise. Burke is the former group CEO of JLT from 2005 to 2019, adopted by a tenure as vice chairman of Marsh McLennan.
“Aptia will focus solely on worker advantages administration and specialist pension administration delivered by consultants and enabled by know-how,” Viswanathan stated. “In partnership with Bain Capital, we’ll search to create a genuinely differentiated and extremely responsive consumer expertise that may resonate strongly within the market.”
“Digital enablement is underpenetrated in these sectors,” Burke stated. “We see a transparent alternative to empower our folks by constantly investing within the main applied sciences they should effectively ship specialised consumer options. We will even prioritize our folks from day one by establishing a supportive studying tradition that gives the inspiration for progress and improvement each in and outdoors of the office.”
“We consider that investing in folks, know-how, and operations can construct on the prevailing foundations to develop Aptia right into a nimble, revolutionary, and dependable platform delivering high-quality servicing and success functionality to shoppers at scale,” stated Matt Cannan, a accomplice at Bain Capital Insurance coverage. “Bala and Dominic have sturdy monitor data of making profitable, client-centric cultures. We’re excited to accomplice with a extremely gifted group of individuals below their management and look ahead to constructing a differentiated worldwide administration enterprise.”
The transaction is anticipated to be finalized in late 2023, pending customary approvals and shutting circumstances.
Have one thing to say about this story? Tell us within the feedback under.
Associated Tales
Sustain with the newest information and occasions
Be part of our mailing listing, it’s free!
