Mark Milliner has stepped down as president of the Insurance Council of Australia board, to be replaced by IAG Personal Insurance Chief Executive Andy Cornish.
Cornish was previously the Deputy President, a role that will be filled by QBE Insurance Australia CEO Colin Fagen. Both appointments are for two-year terms, beginning on 1 January.
Milliner, Suncorp’s Personal Insurance CEO, says Cornish had performed admirably on the board do far.
“Andy is a passionate advocate for general insurance and the essential role it plays in the community and Australian economy, and his appointment comes during an important time for the industry,” Milliner says.
“Over the past two years the Insurance Council and the industry have made significant progress in many areas [and] during this time I have personally appreciated the support and guidance I have received from Andy and my fellow directors, the ICA Executive and CEO Rob Whelan, and I am pleased to continue to serve the industry on the board as Immediate Past President.”
Cornish says he is delighted to be taking on the presidency during such an exciting time for the industry.
“Mark has steered the ICA Board as President, and previously as Deputy President, during some of the industry’s most testing years, including natural disasters, wide-ranging government inquiries, changes in governments and a heightened focus on affordability issues, and I am pleased to have worked alongside him,” he says.
“During this time the ICA has ensured the industry remained relevant and sustainable through its policy, advocacy, communications and stakeholder engagement activities. It is vitally important we keep this activity going, for the benefit of members and their customers.”