Insurance transitions for April

Check out the latest movements and transitions within the industry so far this month.

Suncorp Group has a new chairman

The Suncorp Group Board has announced Christine McLoughlin as its new chairman, replacing Ziggy Switkowski, AO, who will retire after 13 years on the board.

The next chairman, having been on the board for three years, boasts a broad range of skills and informed views with regard to innovation, disruption of traditional business models and bringing contemporary focus to governance processes, outgoing Switkowski said.

“It is an honour to be appointed as the next chairman,” McLoughlin said. “It has been a great experience to serve under Ziggy’s leadership and he leaves Suncorp well positioned for the future.

“As incoming chairman, I will be continuing the conversation on how best to create long-term value for all our stakeholders,” she noted.

Switkowski added: “It has been a privilege to serve the company over the past 13 years. I am delighted with the board’s selection of Christine as the next chairman.

“I am confident that Christine will work well with the board, the CEO & managing director Michael Cameron, and senior management team to take this company to the next level of performance.”

McLoughlin will take up her new role after Switkowski’s retirement on September 20.

Aon’s new key leadership appointments

Aon has announced the appointment of Kevan Johnston as managing director, Commercial and has expanded Scott Willmot’s role as Chief Growth Officer to incorporate the responsibilities of the Chief Commercial Officer.

James Baum, incoming Chief Executive Officer at Aon Risk Solutions, said, “Since joining Aon in early 2017 in the role of Chief Commercial Officer Kevan has driven Aon’s strong focus on sales capabilities and execution, creating a culture of strong teamwork and collaboration amongst sales colleagues across the business.”

In his expanded role, Willmot will align Sales, Marketing and Bid Management teams and continue to chair the Aon United Board.

“Scott is the right person to evolve and expand this critical growth role and to absorb the responsibilities of Chief Commercial Officer,” Baum added.

Both Scott and Kevan will officially step into their roles from the close of second quarter of this year.

Zurich CEO resigns

Zurich Australia has confirmed the resignation of its general insurance division CEO, Rajbir Nanra recently.

“I thank Raj for his invaluable contribution to the business and wish him all the best for the future,” said Jack Howell, CEO Zurich APAC. “We have a solid team in place who has identified significant opportunities for Zurich and is executing on them.”

Chris Waterman, Zurich’s head of commercial insurance for Asia Pacific, is now set to oversee the business in addition to his current responsibilities.

Top executive at Marsh retires

David Duffield, Marsh’s Chief Client Officer – Pacific, has announced his retirement and departs the global insurance broker after 45 years of service.

In thanking David for his contribution to the company, Scott Leney, Marsh CEO Pacific said, “It is impossible to overstate David’s impact at Marsh, both as a respected leader and generous mentor. He has unquestionably left his mark on the insurance broking industry, with his involvement on industry committees and boards matched only by his indefatigable commitment to mentoring junior brokers”

David was CEO for Sedgwick in Australia and then Marsh, following the acquisition of Sedgwick in 1998. More recently he was the Chief Client Officer – Asia Pacific and stepped in as interim CEO of New Zealand for much of 2016.

“Many of the initiatives introduced under David’s leadership form the bedrock of the Marsh business as it exists today”, said  Leney.“He leaves Marsh with our gratitude and best wishes for his retirement.”

Aon boosts hires former Olympian 

Aon has strengthened its sports insurance arm with the appointment of former Olympic rower Nick Green OAM as the new Head of Sports.

Working with the broader leisure, sports and tourism group, Green will be reporting to Kevan Johnston, Chief Commercial Officer, and will help to drive Aon’s expanding client portfolio across Australia.

“Nick’s background and unique skills will enhance and grow Aon’s offering for sporting organisations across Australia. He will be tasked with bringing the best of Aon’s capabilities to both our existing and potential sporting partners, delivering a comprehensive risk, retirement and health offer for the industry,” said James Baum, incoming Chief Executive Officer at Aon Risk Solutions.

Green has attended eight Olympics as an athlete, broadcaster or team manager, firstly at Barcelona in 1992 when he joined forces with three other experienced rowers to form the Oarsome Foursome. His leadership skills were later recognised by his appointment as Australia’s Chef de Mission at the 2012 London Olympics. Most recently, Green has led the successful turnaround of Cycling Australia as its CEO.

“I’m looking forward to joining such an aspirational team of sporting and business leaders, and to draw on my experience and knowledge from years in the sports sector. This is an opportunity to enhance Aon’s sporting capacity more than ever before, and in one of the most competitive sports markets in the world,” said Green.

AUB group announces new CFO

Mark Shanahan will be the CFO at AUB, effective April 12, 2018 after previously announcing last month that Susan Mitchell would be joining the company in the role.

“We are looking forward to Mark joining the team and having the benefit of the experience that he will bring to the role,” Searles wrote in a statement.

“We had a very strong candidate list for the role and while we were let down earlier in the week due to unforeseen circumstances, we were able to quickly secure an equally strong candidate from our shortlist,” he wrote.

Searles also thanked outgoing CFO Jodie Blackledge for her service and said she would be departing the firm on May 11, after a period of handover has taken place.