MetLife has won its third group insurance mandate in as many months, picking up the reigns from TAL as the insurance provider for Australian Ethical members in July.
It was a part of the fund's program to strengthen its competitiveness and product features, according to Australian Ethical chief executive Phillip Vernon.
The price of the super fund's insurance had already improved and the pair would continue to work to bring further benefits for Australian Ethical members, he said.
MetLife chief executive Marc Lieberman said the company was now working to develop a new range of product and technology innovations for the fund's members.
The insurance provider has picked up a number of notable clients recently, winning the group insurance mandate for First Super in July and for Nationwide Superannuation Fund in May.
BlackRock has reduced its exposure to Australian and European equities in favour of emerging markets.
Equity markets have surged ahead of fundamentals as institutional investors fall behind, according to Ten Cap Alpha Plus.
Local investors are leading the region in plans to boost private market exposure, as demand grows for innovative fund structures, resilient investments, and a more selective approach to alternatives.
Research shows institutional investors are increasingly turning to private credit, but the APAC region’s relatively small market size remains a key constraint.