Globex International Group

Natural disasters in New Zealand and Japan prompt employers to review the adequacy of their insurance coverage and contingency planning; Australia has launched its long-awaited new paid maternity leave scheme.

February 2011

Turmoil in the Middle East highlights the importance of security and political evacuation coverage. Malaysia launches a mandatory health insurance scheme for foreign workers.

January 2011

For those concerned about escalating healthcare costs in the United States, we have good news: They’re even worse in many parts of the world. Global medical inflation is estimated at 10.5% for 2011.

The Globex Value Proposition

admin — Thu, 13 May 2010 15:01:20 +0000

Partnership with Globex delivers an immediate and significant Return on Investment for regional and national brokers seeking to differentiate themselves from the competition and grow their domestic book of business. Effective Day One, we enable our Partners to turn on their “global light switch” to advertise and market their global capability. Highlights of this Value Proposition are as follows:

Globex occupies a unique position in the international risk management and employee benefits marketplace. No one does what we do.

Globex adds value to the entire account, not just the international piece.

Globex will double the size of its operations and remain the premier international risk management and employee benefits consulting facility for top-notch regional brokers.

Globex is an extension organization to its Partners, which allows them to compete directly with Global Brokers and differentiate against regional competitors.

Globex equips Partner brokers with the global capability to successfully target, win, and service middle market multinational clients.

Globex wishes to maximize revenue associated with international benefits placements and consulting projects for our Partner brokers.

Globex strives to maintain the highest standards of responsiveness and creative solutions for prospecting, evaluating, quoting and binding international business.

Globex will remain an independent advocate for its Partners and their clients in the global marketplace.

Globex will strive to bring Partners and markets closer together to create to optimal environment for teamwork and success in growth of international business.

Globex will continue to enhance our network of Partners that embraces the growth opportunity and necessity of offering an international capability to middle market clients.

Globex is dedicated to the education of Partners where and when needed.

Capabilities and Activities

Our knowledge, contacts, and marketing approach give us a world-class track record for completing overseas projects and placements. This includes everything from small placements to complex worldwide consulting projects.

We have in place a fully accessible worldwide network of local brokers. As needed we have both overseas Partner Brokers and network brokers. We emphasize the consultative approach to handling you clients overseas and controlling the sales process here with you. We find this flexibility is much better suited to middle market as it does not require you to disturb existing relationships with local brokers by insisting on ‘ feeding ‘ our network

Specific Education and Training has been available and we would like to reactivate this important aspect. At least a basic understanding of what an international opportunity presents can be made available to different levels of your organization. A commitment and time is required from both Globex and the Partner Broker.

Globex is best utilized as if it were the Partners’ In House International Department. In other words the Globex Partnership works best when we are brought into the opportunity at the beginning of the process. The regular exchange of information, prospect ideas, and proposals ensures the best revenue result. Bring Globex in a later stage, means that we are only being utilized to solve a problem. While this looks great when we do solve the problem, it is not the optimum use.

Country Specific Background and Information is available to our Partners. We are not a subscription service for information and are best consulted for country information with a specific goal or issue in mind. In that instance we can activate a combination of information sources, our own knowledge, and our network, to provide really useful and differentiated Country Specific Information.

We have a European Office on the ground in Frankfurt and a Far East office on the ground in Beijing offering a huge benefit in many situations. While our overseas Partners and Network are focused on the same goals as we are, a Globex employee on the spot can make a difference.

Both Property/Casualty and Health & Benefits full service divisions work side by side in the same location in New Jersey. As we have structured an ‘ open office ‘ environment, both divisions work side by side, exchange ideas and successes, and work under common managers. This greatly enhances the chance for cross selling opportunities.

An Annual or Biennial Partner Conference sponsored by Globex is available. The content has been driven by Globex in the past, we are looking for your input on the content, the timing, the location (s) and the need

Culture – The Globex Way

Globex is Team Oriented

No one succeeds alone, no one solution is developed alone, and shared revenue is always better than 100% of no revenue.

Timeliness
As a service organization Globex is dedicated to timely responses, in most cases all inquiries are handled on the spot. We always follow the Partners lead to prioritize, and strive to maintain timeliness far ahead of the typical global broker.

Can Do Attitude
Creativeness and a positive can do attitude is a hallmark of the organization and everyone of its employees.

Long Term
We are seeking long terms relationships and success over time. We place our Partner’s success above our own additional revenue.

The Way In
The International portion of an account is often a keen wedge to get the domestic business. The Partner’s ultimate objective is never lost on us.

Knowledge Sharing
At all times we strive to ‘ demystify ‘ the processes and results. Our culture is based on improving the knowledge base of all employees and partners to improve the comfort level for seeking and handling international exposures.

Integrity
We believe in what we do and execute it honestly at all times.

Globex HR Initiative

admin — Wed, 12 May 2010 18:03:12 +0000

Globex H&B Partner Brokers can now offer their clients a robust and comprehensive Human Resources capability in more than 25 countries worldwide. This HR Outsourcing and Advisory capability includes such fields as Payroll, Tax, and IT. This capability will enable our Partners to market and position themselves as the one-stop shop that can deliver a much broader international capability than ever before.

This new facility offers a broad range of capabilities including:

Human Resources

Typical HR Services

Advice and guidance to the Board and Line Managers
Performance and disciplinary procedures
Recruitment, dismissal and redundancies
Work permits/visas
Contracts of employment and staff handbooks
Retention of personnel records (contracts, reference, appraisals etc)
Management and implementation of benefit packages
Staff surgeries

Comprehensive Payroll

Collation of monthly, weekly and biweekly processes and procedures agreed with each client
Process all starters and leavers
Tailored reports to you; payslips to staff
Electronic delivery of payslips and company reports (UK only)
Electronic Payment services including tax and pension providers
Employers annual returns and statutory compliance
Management of overseas payrolls across 25 countries

Expatriate Payroll

Formalized processes and procedures agreed with each client
Shadow payrolls
Home and Host reconciliations
Tailored reports

International Payment Services

Using either a client’s own bank account or a Trust account, payments can be made in any currency to any location in the world.

Finance & Administration

This full service capability comprising all aspects of the accounting function including the following key features:

Document processing

Receipt of mail, legal, tax and accounting documents
Correspondence address for suppliers, bank and other third parties
Accounting system updated
Employee expenses processed and prepared for payment
Cash books updated and payment runs (suppliers and expenses)

Management accounting and reporting

Processing of all month-end accounting routines
Preparation of management and financial reports
Review and delivery of month-end reports
Review of compliance status

Year-end matters (UK)

Preparation of Statutory accounts
Preparation of audit file (when required) and liaison with auditors
Completion of corporate tax returns and supporting computations

Tax Services

Transfer pricing
Share/stock options
Equalization calculations for secondments
Corporate and individual tax compliance
Share/stock options
Equalization calculations for secondments
Corporate and individual tax compliance

Information Technology (UK ONLY)

Data center and hosting services

Dedicated or shared servers
Co-located servers
Hosted exchange and Blackberry servers – managing Outlook and connectivity
Web and database hosting
Virtual office environment for distributed businesses

Sales and support

Broadband and leased line connections including secure email
On-site servers, PCs, laptops and peripheral equipment for client’s staff
Network maintenance and systems management at client’s premises
Remote maintenance with guaranteed response times
Network planning and design
Web development
Database design
Business continuity planning

For More Information

Contact Don Wiening or Valentine Zimnitsky to learn more about how to take advantage of this tremendous new facility.

MUS Newsletters 2010

admin — Mon, 08 Feb 2010 14:00:40 +0000

MUS November 2010 Newsletter

MUS October 2010 Newsletter

MUS September 2010 Newsletter

MUS June 2010 Newsletter

MUS May 2010 Newsletter

MUS April 2010 Newsletter

MUS March 2010 Newsletter

MUS February 2010 Newsletter

MUS January 2010 Newsletter

Globex Update 2010 Brazil

MUS Newsletters 2009

admin — Mon, 08 Feb 2010 13:59:16 +0000

MUS December 2009 Newsletter

MUS November 2009 Newsletter

MUS October 2009 Newsletter

MUS September 2009 Newsletter

MUS July-August 2009 Newsletter

MUS June 2009 Newsletter

MUS May 2009 Newsletter

MUS April 2009 Newsletter

MUS March 2009 Newsletter

MUS 2009 Newsletter-February 2009

MUS Key Services

GlobexAdmin — Wed, 06 Jan 2010 16:54:56 +0000

Our services will be positioned as a dedicated specialty resource, providing your organization with your own “international department” for any and all multinational opportunities. Our annual services to your firm are outlined as follows:

GENERAL SERVICES

Worldwide Network

Access to the Globex International Group partner network of insurers and brokers with representation in 129 countries.

Information Desk

General and specific questions regarding multinational business, including but not limited to:

Country information
Policy information
How to …….
Program structure
Market contacts
Local underwriter information
Alternative approaches to existing programs
Monthly newsletter

Administration of Global Programs

Proprietary online application and administration platform, www.GlobexWorld.net
Placement of local policies
Cost calculation of local premiums, taxes and fees for full transparency
Preparation of reinsurance documents
Premium flow monitoring
Globalization of XYZ Company
Assistance with incorporating international capabilities into marketing material.

SPECIFIC SERVICES (additional fee)

Global Processing Services – Accounting

Central Premium Billing/Collection in Reinsurer’s home country
Local Premium Billing/Collection
Monthly Reconciliation with Quarterly Bordereau
Complete Currency Transparency

Global Processing Services (GPS)

GlobexAdmin — Mon, 04 Jan 2010 22:53:52 +0000

GPS provides our Partner Markets with an easy to use – one stop – accounting operation that handles ALL aspects of premium collection and premium disbursement for all international placements whether premium is collected stateside, locally or a combination of the two.

In addition to our traditional underwriting services, Globex can offer these premium “accounting” services to Partners, encompassing premium collection, premium disbursement, and reconciliation of amounts owed and paid. This service provides our Partners with a central consolidation point in respect of overseas collections/disbursements, including the following:

centralized premium collection
centralized premium disbursement
verification of payment to local fronting companies
verification of payment from local fronts to Partner
reconciliation on a “per account” basis
provision of quarterly statements broken out by account
remittance services (wire or check as may be required)