MetLife will be fighting a group insurance war on two fronts in this quarter as both First State Super and Statewide put out their group insurance arrangments to tender. Michael Dwyer, First State’s CEO, says the tender documents are being drawn up to ensure “the best insurance possible” for members, a complex proposition given the insurer must deal with occupations as varied as policing, teaching and office administration.
Dwyer confirmed the 535,000-member fund is “one of MetLife’s larger customers”, but he would not comment on the size of the annual premium to MetLife. South Australia’s 175,000-member Statewide will go to market in this quarter, said Bill Watson, general manager business development and client services, for group insurance cover within Statewide and its master trust division, Auswide. No tender has been announced yet, and “at this stage no decision has been made on whether it will be an open or closed tender,” Watson added.
The stage is set for a greater focus on climate this year, particularly in light of the election of US President Joe Biden and the control of the US Senate falling with the Democratic party, Australian Ethical's David Macri says.
Matthew SmithJanuary 20, 2021
Having strong performance relative to the listed benchmark portfolio will be important for funds as the government’s new test begins, Con Michalakis says.
Matthew SmithJanuary 18, 2021
The Myer retail-turned-philanthropy family is actively choosing environmental, social and good governance investments to drive its performance, a process it began two years ago, Martyn Myer explains.
Meredith BoothJanuary 11, 2021