{"id":394,"date":"2017-07-13T09:00:29","date_gmt":"2017-07-12T23:00:29","guid":{"rendered":"http:\/\/magazine.riskinfo.com.au\/31\/?p=394"},"modified":"2017-07-13T13:55:25","modified_gmt":"2017-07-13T03:55:25","slug":"mlc-life-insurance-celebrates-major-milestone","status":"publish","type":"post","link":"http:\/\/magazine.riskinfo.com.au\/31\/mlc-life-insurance-celebrates-major-milestone\/","title":{"rendered":"MLC Life Insurance Celebrates Major Milestone"},"content":{"rendered":"<p>MLC Life Insurance celebrated 130 years of operation in Australia with a gala black-tie dinner in Sydney\u2019s Museum of Contemporary Art on 23 July, 2017.<\/p>\n<p>Hosting the guests was MLC Life Insurance Chief Executive David Hackett who was joined by a number of his predecessors and Nippon Life Managing Director of International Business, Hiroyuki Nishi.<\/p>\n    <style>      #bwg_container1_0 #bwg_container2_0 .bwg_standart_thumbnails_0 * {        -moz-box-sizing: border-box;        box-sizing: border-box; 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           var bwg_hash = window.location.hash.substring(1);      if (bwg_hash && bwg_hash.indexOf(\"bwg\") != \"-1\") {        bwg_hash_array = bwg_hash.replace(\"bwg\", \"\").split(\"\/\");        spider_createpopup('http:\/\/magazine.riskinfo.com.au\/31\/wp-admin\/admin-ajax.php?tag_id=0&action=GalleryBox&current_view=0&gallery_id=12&theme_id=3&thumb_width=185&thumb_height=120&open_with_fullscreen=1&open_with_autoplay=0&image_width=800&image_height=600&image_effect=none&sort_by=order&order_by= desc &enable_image_filmstrip=1&image_filmstrip_height=70&enable_image_ctrl_btn=1&enable_image_fullscreen=1&popup_enable_info=0&popup_info_always_show=0&popup_hit_counter=0&popup_enable_rate=0&slideshow_interval=5&enable_comment_social=0&enable_image_facebook=1&enable_image_twitter=1&enable_image_google=0&enable_image_pinterest=0&enable_image_tumblr=0&watermark_type=none&current_url&image_id=' + bwg_hash_array[1], '0', '800', '600', 1, 'testpopup', 5);      }          <\/script>    \n<p>Hackett said the dinner was a once in life time event and brought together many long-term supporters of the insurer and he felt deeply privileged and honoured to lead a company first set up by James Garvan in 1886.<\/p>\n<p>During his speech Hackett said MLC Life Insurance paid out $3.6 million in claims each day and represented the insurer fulfilling promises it made in the past, including to a 92-year-old customer whose parents took out a whole of life policy for him in 1924 and which has been retained to the present.<\/p>\n<p>Hackett thanked former owner, NAB, for the growth and development of the business from the time it was purchased from Lendlease in 2000 to the 80% sale to Nippon Life in 2016. He also thanked many of his colleagues at NAB and MLC Life Insurance who helped complete the transaction.<\/p>\n<p>He added the life insurance sector needs to be trusted by the public to ensure its long-term sustainability and that insurers needed to respond to the changing needs and expectations of consumers.<\/p>\n<p>\u201cThe better we do the more people will choose life insurance which is a virtuous outcome since Australians are materially under-insured, and when an insurable event happens without cover the burden falls to the family or the taxpayer. A viable, sustainable, trust worthy life insurance sector provides a clear public good for society,\u201d Hackett said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MLC Life Insurance celebrated 130 years of operation with a \u2018once in a lifetime\u2019 black tie gala dinner in Sydney recently\u2026<\/p>\n","protected":false},"author":1,"featured_media":655,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-394","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-community-news"],"_links":{"self":[{"href":"http:\/\/magazine.riskinfo.com.au\/31\/wp-json\/wp\/v2\/posts\/394","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/magazine.riskinfo.com.au\/31\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/magazine.riskinfo.com.au\/31\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/magazine.riskinfo.com.au\/31\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/magazine.riskinfo.com.au\/31\/wp-json\/wp\/v2\/comments?post=394"}],"version-history":[{"count":0,"href":"http:\/\/magazine.riskinfo.com.au\/31\/wp-json\/wp\/v2\/posts\/394\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/magazine.riskinfo.com.au\/31\/wp-json\/wp\/v2\/media\/655"}],"wp:attachment":[{"href":"http:\/\/magazine.riskinfo.com.au\/31\/wp-json\/wp\/v2\/media?parent=394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/magazine.riskinfo.com.au\/31\/wp-json\/wp\/v2\/categories?post=394"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/magazine.riskinfo.com.au\/31\/wp-json\/wp\/v2\/tags?post=394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}