MLC Life Insurance has appointed Sean Williamson as executive lead, new business for group insurance.
Williamson would be responsible for new growth opportunities for group distribution and the industry fund sector and large corporate market and would also focus on customers.
He would report to the firm’s chief of group and retail partners, Sean McCormack, who said Williamson would have a pivotal role in building and embedding the firm’s growth strategy.
“His extensive experience in the sector will help us to grow our existing group portfolio, develop new opportunities and boost our credentials in the group insurance market,” McCormack said.
Prior to MLC, Williamson held senior executive positions at TAL and AIG and has over 25 years’ experience in life insurance and the broader financial services industry across senior management, strategy, distribution, actuarial, and product roles.
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.