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Zurich deepens group insurance partnership with Brighter Super


14 February 2023

SYDNEY, Australia – Zurich Financial Services Australia (Zurich) today announced it has been appointed by Brighter Super to provide group insurance for its members from 1 July 2023.

Queensland-based Brighter Super manages approximately $30 billion in assets on behalf of around 250,000 members.

Justin Delaney, Chief Executive Officer, Zurich Australia & New Zealand said: “Zurich has made a significant commitment to group insurance globally and is focused on bringing the best of the wider Zurich enterprise for the benefit of superannuation members.”

“We are excited at the opportunity to deepen our partnership with Brighter Super to support their members with great value and fantastic service,” Mr Delaney said.

Darren Wickham, Head of Group Insurance, Zurich Australia said: “Zurich and Brighter Super share a common commitment to providing market leading services to members. Through this new agreement, Brighter Super members will have access to Zurich’s award-winning claims service, health and wellness offerings and sustainability initiatives.”

Kate Farrar, Chief Executive Officer, Brighter Super said: “The decision was ultimately guided by which offering was in the best financial interest of our members, and we are delighted to deepen our partnership with Zurich as a key strategic partner to our business.”

“Zurich’s purpose is to create a brighter future together, and this outlook obviously resonated for our business,” Ms Farrar said.

Zurich currently provides group insurance for the Energy Industry division of Brighter Super. Brighter Super members will not see any changes to the terms of their policies or coverage because of this change.


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Zurich Financial Services Australia is a life insurance, commercial insurance and investments specialist that has been participating in the Australian market since 1920. Since its acquisition of OnePath Life from ANZ in 2019, the company provides life insurance to more than 1.5 million Australian customers under both the Zurich and OnePath Life brands.  Further information about Zurich Financial Services Australia is available at www.zurich.com.au.
 

Zurich Insurance Group (Zurich) is a leading multi-line insurer serving people and businesses in more than 200 countries and territories. Founded 150 years ago, Zurich is transforming insurance. In addition to providing insurance protection, Zurich is increasingly offering prevention services such as those that promote wellbeing and enhance climate resilience.

Reflecting its purpose to ‘create a brighter future together’, Zurich aspires to be one of the most responsible and impactful businesses in the world. It is targeting net-zero emissions by 2050 and has the highest-possible ESG rating from MSCI. In 2020, Zurich launched the Zurich Forest project to support reforestation and biodiversity restoration in Brazil.

The Group has about 60,000 employees and is headquartered in Zurich, Switzerland. Zurich Insurance Group Ltd (ZURN), is listed on the SIX Swiss Exchange and has a level I American Depositary Receipt (ZURVY) program, which is traded over-the-counter on OTCQX. Further information is available at www.zurich.com.

About Brighter Super: Recently merged superannuation funds, LGIAsuper and Energy Super, acquired Suncorp Portfolio Services Limited (SPSL) to form the Brighter Super Group, a Queensland-based superannuation fund of around $29 billion, managed on behalf of approximately 249,000 members. For more information call Brighter Super on 1800 444 396 (within Australia) or +61 7 3244 4300 (Overseas).