MetLife has won its third group insurance mandate in as many months, picking up the reigns from TAL as the insurance provider for Australian Ethical members in July.
It was a part of the fund's program to strengthen its competitiveness and product features, according to Australian Ethical chief executive Phillip Vernon.
The price of the super fund's insurance had already improved and the pair would continue to work to bring further benefits for Australian Ethical members, he said.
MetLife chief executive Marc Lieberman said the company was now working to develop a new range of product and technology innovations for the fund's members.
The insurance provider has picked up a number of notable clients recently, winning the group insurance mandate for First Super in July and for Nationwide Superannuation Fund in May.
As market volatility persists, some super funds are pivoting defensively, while others are strategically positioning to capitalise on emerging opportunities.
New data has shown a progressive deterioration in risk appetite among instos even prior to Donald Trump’s latest round of tariffs.
UniSuper has reached “peak investment” in US assets and is now preparing to reassess its exposures amid ongoing sharemarket volatility.
Investors have slashed their US equity allocations to the lowest level on record, according to new data from Bank of America.