Leading group income protection specialist IUS Group is set to move its group life insurance team to Zurich Life.

Approached by insuranceNEWS.com.au last week, IUS Group MD George Hodgson said the company is due to make an announcement this week.

Zurich Life Australia GM Colin Morgan says the company wants to become a major player in the group life insurance market and the acquisition of the IUS Group team is part of that push.

“We have acquired a top-quality team and this will provide Zurich the opportunity we wanted to further build our group life capability,” he said.

“The IUS team has built a well-respected group life business within Australia.”

IUS GM Life Phil Collins will head up the group life insurance division within Zurich Life.