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MLC Life seals Maritime Super deal

Maritime Super has appointed MLC Life as its group insurer, to replace AIA Australia.

The fund has 27,000 members and almost $6 billion under management.

MLC Life Chief of Group and Retail Partners Sean McCormack says the deal shows the insurer’s growing strength in group cover. It also has deals with Energy Super, Vision Super and Qantas Super, plus its own super fund.

“We’re investing significantly in our people, processes and technology, deploying more than $500 million of investment to better serve our funds, their employers and members, plus advisers and customers,” Mr McCormack says.