Zurich's withdrawal from the group life arena flagged in May appears closer to completion with confirmation that the company's general manager, group risk, Phil Collins, has left the business.
Collins, who joined Zurich nearly five years' ago with a team from Industry Underwriting Services (IUS), is understood to have departed the insurer earlier this month.
Zurich announced in early May that it had been priced out of the Australian group life space and intended withdrawing from the market.
At that time, the chief executive of Zurich's Australia Life and Investments business, Colin Morgan, said the decision had been taken following a lengthy review.
The $80 billion fund is facing legal action over allegedly signing up new members to income protection insurance by default without active member consent.
In a Senate submission, the Financial Services Council has once again called for further clarification that the government will assess the consumer outcomes of group insurance against the enshrined objective of superannuation.
TAL has launched a digital solution TAL Connect for its superannuation fund partners that links super and insurance for members, with Aware Super as its launch partner.
The Federal Court has ruled in favour of QSuper regarding non-payment of a total and permanent disablement benefit to a member.
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