POWERED BY MOMENTUM MEDIA
Collins gone as Zurich exits group life
Zurich's withdrawal from the group life arena flagged in May appears closer to completion with confirmation that the company's general manager, group risk, Phil Collins, has left the business.
Collins, who joined Zurich nearly five years' ago with a team from Industry Underwriting Services (IUS), is understood to have departed the insurer earlier this month.
Zurich announced in early May that it had been priced out of the Australian group life space and intended withdrawing from the market.
At that time, the chief executive of Zurich's Australia Life and Investments business, Colin Morgan, said the decision had been taken following a lengthy review.
Recommended for you
The insurance company has joined this year’s awards as a principal partner.
The $135 billion fund has transitioned away from TAL Life Insurance following an “extensive tender process”.
The $80 billion fund is facing legal action over allegedly signing up new members to income protection insurance by default without active member consent.
In a Senate submission, the Financial Services Council has once again called for further clarification that the government will assess the consumer outcomes of group insurance against the enshrined objective of superannuation.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.56 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.06 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
26.81 3 y p.a(%)
