GERMANY – German insurer Gerling has expanded its employee benefits operation by merging of its internal pensions department with its existing pensions consultancy business.
The company’s internal pensions department, Gerling Pensionsmanagement GmbH, has merged with its pension consultancy business the Gerling Institut, or Giba. The newly merged entity will be known as International Employee Benefits (IEB) consulting.
The new collaboration will focus on services such as pooling consultancy and benefits auditing for international pension funds.
Harald Huhn, former human resources director at German chemicals firm BASF, will head the new company. Huhn has spent more than 20 years in the field of international employee benefits, and joined Gerling Pensionsmanagement (GPM) last year as managing director.
GPM will remain member of the International Benefits Network – a network of international benefits consultants – where it helps multinational clients to implement, change and administrate German benefits schemes.
The reorganisation to bring the two together is essentially structural. All employees will remain in Cologne.