MLC snaps up industry veteran to lead new business team

MLC snaps up industry veteran to lead new business team | Insurance Business Australia

Life & Health

MLC snaps up industry veteran to lead new business team

Appointment part of company’s commitment to group insurance

Life & Health

By
Roxanne Libatique

MLC Life Insurance (MLC) has appointed industry veteran Peter Smith to lead its new business team.

Smith has extensive experience in leadership and business development, having previously worked in leadership roles with major companies such as Resolution Life, Munich Re, Lockton, and MetLife.

His previous experience has included delivering insurance solutions for funds such as Hostplus, Cbus, Rest, and First Super.

Peter Smith’s responsibilities at MLC

Smith joined MLC as the head of business development. He will be responsible for growing the business’s group insurance distribution and executing a new business development strategy focusing on integrating a new group insurance digital capability to help super funds transform their members’ insurance journey.

Smith said: “As part of the global Nippon Life Group, few are better placed to understand member needs and the ethos of Australia’s industry super funds than MLC Life Insurance as the only true mutual in life insurance, and I’m looking forward to making that case to trustees.”

MLC welcomes new head of business development

MLC chief executive officer Kent Griffin said Smith’s appointment reflects the company’s aim to demonstrate how its total customer experience benefits trustees and superannuation fund members.

“Following a period of stabilisation, we’re excited to return to focus on sustainably managing risk and growth across the business, particularly in the group insurance space,” Griffin said.

MLC chief group officer Mark Puli said: “MLC Life has gone through a period of massive transformation, and Peter’s significant experience and outstanding commercial mindset will position us well as we continue to build a highly skilled team and offer a competitive advantage to our partners and their members.

“Our ability to deliver an excellent member experience, including through digital integration, helps us meet and exceed the expectations of members, and Peter will help us make that case to our current and prospective partners.”