Movements and transitions within the industry continue this month.
UAC GM joins ACORD committee
Underwriting Agencies Council (UAC) General Manager William Legge has been invited to join ACORD’s peak Asia Pacific governance committee.
The ACORD Asia-Pacific General Insurance (GI) Program Advisory Council (PAC) provides direction to the Asia-Pacific GI Program, which was established in 2011 to provide insurance process, messaging and data standards for the Asia-Pacific GI marketplace. The standards cover a broad range of GI products underwritten across the region and support the entire policy and claims life cycle.
Participants are ACORD members from across the GI community, including agents and brokers, distributors, insurers, service providers, software providers and industry associations.
Legge said ACORD’s role was important in harmonising standards across an increasingly global industry.
Steven Tuften, ACORD’s representative for Australia and New Zealand, welcomed Legge to the PAC. “Many regional underwriters and Lloyd’s coverholders have joined ACORD to take advantage of ACORD’s delegated authority reporting standard developed for London market reporting. William brings a wealth of experience and an invaluable perspective to PAC in his role supporting the regional underwriting community.”
New Chief Ombudsman/CEO appointed to the Australian Financial Complaints Authority (AFCA)
The Chair of the Board of AFCA, Helen Coonan has announced the appointment of David Locke as the Chief Ombudsman and Chief Executive Officer of AFCA.
Locke is currently Assistant Commissioner, Charity Services at the Australian Charities and Not-for-Profits Commission, responsible for the regulation of Australia’s 55,000 charities. Before his appointment as Assistant Commissioner, David was the Chief Adviser to the ACNC Taskforce. He has played a key role
both in initially establishing the ACNC and managing key functions of the ACNC’s operations since 2012.
“David brings a very strong track record as an experienced senior leader involved in all aspects of establishing and operating complex legal and regulatory service based
organisations in Australia and UK. His appointment comes at a critical time in the formation of AFCA as the new single complaints body for the financial sector,” said Coonan.
The AFCA Chair, the Hon. Helen Coonan also thanked the outgoing Chief Ombudsman, Shane Tregillis, for his contributions over almost seven years in the role.
“Shane has been an outstanding leader at the Financial Ombudsman Service and has been a key driver in the success of the organisation. Shane has also played a vital role in the complex arrangements involved in the successful transition to AFCA,” she said. Locke will commence as the Chief Ombudsman/Chief Executive Officer with
AFCA on 25 June 2018.
ARPC welcomes Board reappointments
The Minister for Revenue and Financial Services, Kelly O’Dwyer MP, has announced the reappointments of Elaine Collins, Janet Torney and John Peberdy as part-time members of the Australian Reinsurance Pool Corporation Board (ARPC).
These appointments are for a further three years from 1 July 2018 to 30 June 2021. Ian Carson AM, ARPC Chair, said “It is with great pleasure that I welcome the reappointments of Elaine Collins, Janet Torney and John Peberdy and I look forward to continuing to work with them and drawing on their wealth of industry experience and expertise.”
Chubb appoints new AU/ NZ head
Chubb has appointed Sydney-based Blain Waterford as head of accident and health (A&H) for Australia and New Zealand, replacing Ben Howell, who was recently named deputy head of accident and health for the insurer in Asia-Pacific.
Waterford brings more than 15 years of experience to the new role, a decade of which was with Chubb in South Africa. Jarrod Hill, country president for Australia and New Zealand said: “We are very fortunate to have someone of Blain’s experience and knowledge step into this critical role of head of accident and health. I’m confident our partners will benefit from his appointment.”
Gallagher nabs transport industry leader
Insurance broker Arthur J. Gallagher, announced the appointment of transport industry leader, Roz Shaw, as its National Head of Transport. Shaw will join the business in early July.
Shaw has been an active voice in the industry, lobbying for critical change to ensure it moves with the times, delivered in her capacity as former Vice President of the QTA (Queensland Transport Association). A past winner of Trucking Industry Woman of the Year (2012), and finalist of the Telstra Queensland Business Woman of the Year Awards (2012), Shaw has consistently led from the front as a committed champion of bringing more women into the industry and a pioneer of change.
She said, “Gallagher recognises the transport sector is a unique space with its own distinct risks and complexities. Through knowledge of the industry and engagement with transport operators and stakeholders, I believe Gallagher provides a unique offering that creates real value for clients. I look forward to being on board in early July.”
Paul Harvey, Divisional Managing Director at Gallagher, said, “Attracting someone of Roz’s standing is a terrific win for Gallagher, and a great fit for our team of specialist transport advisors who have more than three decades’ experience in the Australian market. It also speaks volumes on the Gallagher brand becoming a significant draw card in the insurance broking community.”
nti announces new appointments
nti has made some prominent appointments in their commercial team, following a successful transition of the marine specialty line into the business. nti’s Col Chapman will move to a newly created role of National Operations Manager – Commercial, while Sergio Sartor has been appointed State Manager NSW/ACT.
Natasha Kuchta, previously of CGU, will join nti as National Manager – Key Accounts; a role previously held by Allan smith. Mike Edmonds, General Manager – Commercial says nti is thrilled to be welcoming Natasha, who brings with her almost 20 years’ experience in the intermediated market.
Berkshire Hathaway announces Australasia head
Berkshire Hathaway Specialty Insurance (BHSI) has announced the appointment of Mark Lingafelter as president of BHSI Australasia. He will take the role of Chris Colahan, who is moving to head the specialty insurance’s operation in the UK & Europe.
Lingafelter brings more than 30 years of experience in the global insurance market, including his most recent role as chief underwriting officer, Asia-Pacific, for QBE Insurance. Prior to this, he was also a managing director at Chubb Insurance Company of Australia.
BHSI president and chief executive officer Peter Eastwood said Lingafelter is “well qualified” to lead the company’s growth in New Zealand and Australia.
Eastwood also said BHSI looks forward to adding Colahan’s energy and expertise to its expanding European team and operations. Colahan joined BHSI in 2015, previously serving as the chief executive officer of Asia and Hong Kong, for the RSA Insurance Group.