The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from PR Newswire

Aflac Launches Subsidiary to Provide Specialized Support to Nation's Largest Brokerage Firms

Friday, May 25, 2012

Aflac Launches Subsidiary to Provide Specialized Support to Nation's Largest Brokerage Firms10:51 EDT Friday, May 25, 2012Aflac Benefits Solutions Taps Consulting Veteran Chris Covill to Serve as PresidentCOLUMBUS, Ga., May 25, 2012 /PRNewswire/ -- Aflac (NYSE: AFL), the No. 1 provider of voluntary and guaranteed-renewable insurance in the United States, today announced that it has launched Aflac Benefits Solutions (ABS), a separate subsidiary focused on providing dedicated and specialized services to the nation's largest brokerage firms. A key enhancement to its existing support program for brokers, ABS is designed to foster new and expanded partnerships supported by an experienced, national team of business developers, consultants, strategic account marketers and account service executives."As the landscape of health insurance benefits continues to change, brokers need total solutions and additional support from carriers to help large employers successfully navigate current benefits challenges," said Michael Zuna, senior vice president, chief marketing officer at Aflac. "Aflac Benefits Solutions is uniquely positioned to offer critical voluntary benefits options and increased support and services to national brokerages, providing the best total solution with enhanced value. ABS will build on the success of our strategic, broker-focused initiatives and our robust suite of group and individual products, which have been well-received by both the brokerage community and large employers alike."Based in Atlanta, ABS will be led by President Chris Covill, who has 25 years of experience in the health care and benefits industries. Covill most recently served as the national practice leader for Mercer's voluntary benefits brokerage-consulting practice. He also previously held leadership positions at Marsh USA."Aflac has long been the market leader in voluntary insurance, and I look forward to leading ABS as we establish an even sharper focus on the needs of top brokers and their large employer clients," said Covill. "We are deeply committed to investing in our relationships with national brokerage firms to strengthen our value proposition and further differentiate Aflac from its industry competitors."As part of Aflac's overall broker strategy, ABS augments the company's solutions and services targeted at regional and mid-tier brokers. Among its many services, ABS will offer ongoing research and insights into industry trends to national brokerage firms and consultants, along with tools for understanding voluntary benefits products and services, strategic marketing and enrollment assistance, and leading technology to help them better educate and serve their clients.For more information, visit http://aflacbenefitssolutions.com.About Aflac Benefits Solutions Aflac Benefits Solutions (ABS) is a wholly owned subsidiary of Aflac. ABS leverages the proven track record of Aflac's product portfolio, award-winning participant services, and an unparalleled brand with more than 55 years of brokerage and consulting expertise to deliver exceptional value to clients and their employees. ABS provides the consulting broker with practice consultation, customized product and plan design, demographic analyses, communication support, and industry trends and insights essential to broker-client relationships. For more information, visit http://aflacbenefitssolutions.com. About Aflac When a policyholder gets sick or hurt, Aflac pays cash benefits fast. For more than 55 years, Aflac insurance policies have helped provide a safety net and given policyholders the opportunity to focus on recovery, not financial stress. In the United States, Aflac is the number one provider of guaranteed-renewable insurance. In Japan, Aflac is the number one life insurance company in terms of individual policies in force. Aflac insurance products provide protection to more than 50 million people worldwide. For five consecutive years, Aflac has been recognized by Ethisphere magazine as one of the World's Most Ethical Companies. For the 14th consecutive year, Fortune magazine recognized Aflac as one of the 100 Best Companies to Work For in 2012. Also, Fortune magazine included Aflac on its list of Most Admired Companies for the 11th time in 2012. Aflac Incorporated is a Fortune 500 company listed on the New York Stock Exchange under the symbol AFL. To find out more about Aflac, visit aflac.com or aflacenespanol.com.(Logo: http://photos.prnewswire.com/prnh/20100423/CL92305LOGO )Media Contacts: Kip HavelCathleen BleersAflacHill + Knowlton Strategies706.243.5543312.255.3123mediarelations@aflac.com cathleen.bleers@hkstrategies.comSOURCE Aflac