6 October 2020EMEA analysis

ARX becomes second Ukranian MAXIS GBN member

ARX Insurance of Ukraine has become the latest insurer to join the MAXIS Global Benefits Network (MAXIS GBN).

ARX’s parent, Canadian insurer Fairfax, acquired former MAXIS GBN member AXA Ukraine last year along with ARX itself, with both entities now operating under the ARX brand.

ARX provides life, disability and medical coverage to MAXIS GBN’s multinational clients. It has been operating in the insurance market for 26 years and grew by 22 percent in 2019, with its client count increasing by 20 percent.

MAXIS GBN was co-founded by MetLife and AXA. It works in partnership with around 500 multinational clients, including 50 employee benefits captives, to deliver risk management services and solutions.

With approximately 140 local insurance carriers with specialist capabilities in over 120 markets, MAXIS GBN’s local insurers currently cover over 3.2 million employees worldwide.

Andrei Peretyazhko, chief executive officer at ARX, said: “MAXIS GBN provides market-leading, world-class solutions and member benefits, and we are proud to formalise this partnership in Ukraine. Being a leader in the market, ARX has always strived to improve its service and with this new partnership, we are pleased to be providing the best solutions to some of the biggest multinationals operating in the country.”

David Watts, director of member management at MAXIS GBN, welcomed its second partner in Ukraine, alongside MetLife Ukraine. “MAXIS GBN network members are all high-performing companies in their local markets and it’s wonderful to be further expanding our global membership with an experienced market leader like ARX,” he said.