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.
1 April 2010 04:40
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.
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.
Investments
The $205 billion Aware Super says that around 15 per cent of assets in its high-growth option are exposed to the AI thematic, but says that finding the portfolio's true concentration will require looking beyond simple dollar aggregation. Head of investment strategy Michael Winchester unpacks the approach and why the fund has to be “really discerning” with where it allocates to in the future.
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