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.
From left are Peter Voser, CEO of Royal Dutch Shell; Khalid G. Al-Buainain, senior vice president of Downstream, Saudi Aramco; Bob Pease, president and CEO of Motiva Enterprises LLC; Mark Williams, Downstream director of Royal Dutch Shell and Khalid A. Al-Falih, president and CEO of Saudi Aramco.