He previously led CommInsure’s group insurance business. There will soon be a new man at the helm of MLC Life Insurance. Cook has an extensive background in the industry and is well known across Australia and New Zealand, particularly for his role as managing director of AMP New Zealand, a position he took in 1996. Sean Williamson, Chief Group Insurance Officer at MLC Life Insurance, says the new general managers add significant industry expertise and strong partnership credentials … Cook himself noted he was “thrilled with the opportunity to lead an iconic company.”, “These are challenging times for all Australians and their life insurers,” he said. For each of our 908,835 listed executives. Understand their industries and their competitors. In 2018 we partnered with Best Doctors to launch Mental Health Navigator, a specialist, second medical opinion for customers experiencing a mental health condition. Select key words to follow your clients. The group has also appointed a new executive … Time for changes: Rice Warner calls for new advice regime, DII claims paid ratio highest in two out of four sales channels, Westpac flags $406 million writedown of life business, TAL and ClearView avoid decline in life risk premium inflow, Suncorp launches new claims model, announces key appointments, IAG criticised over pay deal at shareholder meeting, Broker CEOs face back-to-office challenges, Service for Gallaghers Tania ODay will be live-streamed, Insurer must pay burglary claim despite property sale contract. Suzie Brown has been appointed GM Wealth and Corporate Partnerships to manage MLC Wealth and build corporate distribution capabilities. “Our goal is to play a larger role in the group insurance market and genuinely challenge the more established group insurers,” Mr Williamson says. Rodney Cook will join the company as Managing Director and Chief Executive Officer on Jun. ….the company’s ambition is to make it more efficient for advisers to protect their customers by reducing their cost to serve…. MLC Life Insurance has boosted its group insurance team, including the appointment of Suzie Brown, as the company focuses on providing strong value to superfunds, trustees and members. MLC says the new appointments support its ambition to partner with superannuation funds, underpinned by better digital capabilities as the company’s LifeView digital platform continues to be rolled out to fund partners and their members. There will soon be a new man at the helm of MLC Life Insurance. Indeed, 16% of total benefits paid in 2017 by MLC Life Insurance were because of mental health conditions. Reporting directly to Chief Executive Officer Rodney Cook, McCormack will lead the Life Insurance … View the executives' biographies. “Then I started forgetting a lot of things – my short-term memory especially was not flash. MLC Life Insurance also has a designated team of … 15, 2020 (news … MLC Life has paid a $1.4 million total and permanent disability (TPD) insurance claim to former AFL player Shaun Smith for brain damage caused by match concussions. MLC adds that the restructure is designed to support the company’s ambition to deliver superior experiences for customers and business partners, underpinned by better digital and automated capabilities, enhanced data and analytics and more sustainable products that better meet community expectations and regulatory obligations. Mr McCormack is responsible for the company's group and retail distribution channels, underwriting, operations, pricing, product, brand and marketing units. Emily Wu, who was Head of New Fund Partnerships, is promoted to General Manager, Fund Partnerships (news posted on October 8 2020). MLC Life pays AFL footballer’s $1.4 million claim 21 September 2020 MLC Life has paid a $1.4 million total and permanent disability (TPD) insurance claim to former AFL player Shaun Smith for brain damage caused by match concussions. The statement says that the new appointments “…support the company’s ambition to partner with superannuation funds, underpinned by better digital capabilities and a deep knowledge of the issues affecting life insurance inside superannuation”. In a statement, the insurer says it received Mr Smith’s TPD claim in April. Add private notes. The statement notes that as part of the restructure, the following roles have been created and filled by the following people: ASIC Assistance to Victorian Advice Businesses Explained, Life Insurance in Australia – The Cycle of Value Destruction, AFA Announces New President and Board Members, Synchron Appoints New Victorian State Manager, AIA Australia Launches New Trauma Product Option, Reality of Fees for Risk Advice Challenged, Launch of 'Radical' Plan to Revamp Financial Advice, Call to Level the Playing Field for Financial Advisers, General Manager Underwriting and Operations –, General Manager Product, Pricing and Proposition (Retail) –, General Manager Product, Pricing and Proposition (Group) –, General Manager Retail Distribution Partnerships –, General Manager Partner and Customer Channel Experience –. “It doesn't make it much fun for people living around me.”. MLC Life Insurance has announced it has appointed Rodney Cook as its new CEO and Managing Director following an extensive global search. Click on an executive to view his biography >. Learn more about the Insurance industry >, MLC Life Insurance on Wikipedia, Google News & Yahoo Finance, MLC Life Insurance on LinkedIn, Twitter & YouTube. The company has just announced that Rodney Cook (pictured) will move into the role of CEO and managing director, effective from Monday, June 15. Mr Hackett led the firm’s transition to a standalone life insurer when Nippon Life Insurance Group bought 80% of MLC … MLC Life Insurance is combining its group and retail life insurance divisions to better meet client needs, saying the current level of service is not acceptable. Create an alert Click here to view some more movements at MLC Life Insurance. Craig Harrison takes the role of GM Product, Pricing and Proposition (Group). Cook is described in a release announcing his appointment as “…a highly experienced CEO and financial services executive with strong actuarial insight and deep first-hand knowledge of UK, Australian and NZ financial services.” MLC Life brings in around $1.9 billion in insurance premiums each year, with around $5.8 billion in total gross assets, as of 31 December 2018. MLC Life Insurance is committed to supporting customers with mental health conditions. MLC Life Insurance has expanded its group insurance team with three new GM appointments. “With the continued support of Nippon Life and NAB, and significant ongoing investment in our technology and processes, I aim to deliver outstanding service to our 1.3 million customers through our business partners and people.”. A statement from the insurer says that Sean Williamson, Chief Group Insurance Officer at MLC Life Insurance, has expanded his team with a number of recent appointments that have significant industry expertise in group insurance and strong partnership credentials with superannuation funds and mastertrusts. We are a leading life insurer placing our customers at the very heart of everything we do. In addition, he will be responsible for finalising the company’s technology transition program, which includes a new policy administration system as well as new adviser and customer digital portals. Recent executive movements at MLC Life Insurance. The board also thanked Sean McCormack for his role as acting CEO and MD over the previous five months. Her role will be to manage MLC Life’s largest partner in MLC Wealth and build out Corporate Distribution capabilities. It says Brown has been appointed General Manager, MLC Wealth and Corporate Partnerships. The AFL Players’ Association told insuranceNEWS.com.au it is pleased Mr Smith “was able to access significant financial support through an individual insurance policy he bought many years ago”. Emily Wu has been appointed GM, Fund Partnerships. In a statement, the insurer says it received Mr Smith’s TPD claim in April. MLC Life Insurance is owned by Nippon Life Insurance. insuranceNEWS.com.au is a free online daily news bulletin for Australia's general insurance industry and the wider financial services community. I am also focused on ensuring our sustainability”. MLC Life Insurance is committed to supporting customers with mental health conditions. This was followed by moves to Pearl Assurance and then becoming CEO of London Life. She says it is important for wellbeing for the two to mix, Public encouraged to provide comments on proposed transaction, Draft draws heavily on leading international cybersecurity standards, Financial Services Council says life insurance sector 'could do better', Life insurers “confused as to who the end customer is” – report, Fluidity is more important than work-life balance – manager, Commerce Commission looks into issues of Aon-WTW merger, RBNZ issues guidelines for building cyber resilience. He noted that as a member of the Nippon Life Group of Companies, MLC Life benefits from its long-term view which has enabled the company to invest in the sustainability of its business and services, including its technology upgrade. “In reaching our decision, we considered the opinions of Mr Smith’s doctors about the impact of his medical condition and ability to return to work in the future and we were satisfied that Mr Smith met the relevant definition of TPD in the insurance policy.”. Sean Williamson, Chief Group Insurance Officer at MLC Life Insurance, says the new general managers add significant industry expertise and strong partnership credentials with superannuation funds and mastertrusts. MLC Life Insurance has expanded its group insurance team with three new GM appointments. Home / Life Insurance / MLC Life appoints three general managers. Suzie Brown has joined the company as General Manager, Wealth and Corporate Partnerships (news posted on October 8 2020). MLC Life is the most recent acquisition by Nippon Life, which has 18 consolidated subsidiaries in its business, with the majority based in the US and Japan. Protective Life has announced the acquisition of Revolos (posted on Sep 28, 2020). White Mountains Insurance has announced the acquisition of Ark Insurance (posted on Oct 1, 2020).
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