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Metlife retains MTAA Super mandate
Metlife Insurance has succeeded in retaining its key group life insurance mandate with automotive industry fund MTAA Super.
MTAA Super undertook a full review and tender process around its insurance requirements, with Metlife succeeding in being reappointed.
Metlife had held the MTAA mandate since 2002 and it has represented a key underpinning of its presence in the local market.
Continuation of the mandate represents a key event for Metlife in the group insurance arena, with the company having late last year lost its mandate with First State Super to Tower Australia Limited.
Commenting on the decision, MTAA chief executive Michael Delaney said: “MTAA Super is very pleased that in a very competitive market tender, MetLife’s offering remains at the cutting edge”.
For his part, Metlife Australia chief executive, Marc Lieberman said the company was delighted to continue its partnership with MTAA Super.
“It confirms our commitment to provide ongoing member engagement and deliver best in class technology solutions, facilitating the way MTAA Super members interact with us,” he said.
AUTHOR
Mike Taylor
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