POWERED BY MOMENTUM MEDIA
Zurich appointed as insurance provider for Brighter Super
Zurich Financial Services Australia has been appointed to provide group insurance for Brighter Super members from July 2023.
Brighter Super, formerly LGIAsuper, had around 250,000 members and $30 billion in assets under management.
Zurich already provided group insurance for Brighter Super members working in the energy industry and this would now be expanded to all members.
Darren Wickham, head of group insurance at Zurich Australia said: “Zurich and Brighter Super share a common commitment to providing market leading services to members.
“Through this new agreement, Brighter Super members will have access to Zurich’s award-winning claims service, health and wellness offerings and sustainability initiatives.”
Kate Farrar, chief executive of Brighter Super, said: “The decision was ultimately guided by which offering was in the best financial interest of our members, and we are delighted to deepen our partnership with Zurich as a key strategic partner to our business.”
Brighter Super members would not see any change to the terms of their policies or coverage because of the change.
AUTHOR
Laura Dew
Laura Dew is editor at Super Review. Prior to joining SR, she spent five years working at Investment Week in the UK covering asset and wealth management.
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
31.73 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
30.15 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
26.71 3 y p.a(%)
