MLC has appointed Megan Beer as general manager of group insurance, replacing Andrew Howard who is now MLC & NAB Wealth's general manager, people & culture.
"Group insurance is a key driver of growth for Australian insurers, and with Megan's guidance we expect to take full advantage of that," said executive general manager of insurance Duncan West.
Beer has almost 20 years experience in the financial services sector and more than 12 years working with insurance companies. Prior to her appointment, she was head of finance for MLC Insurance, and has been with the group for almost two years.
She previously spent seven years at Tower Australia (now TAL Limited), and held roles including head of risk, planning and analysis, chief risk officer and chief actuary.
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.