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.