Insurance transitions in May

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

QBE appoints Head of Product –Negotiated Lines for Australia and New Zealand division

QBE Australia and New Zealand has announced the appointment of Alex Green as Head of Product – Negotiated Lines, with immediate effect. Mr. Green moves in to the role having joined QBE’s workers’ compensation team in February from Austbrokers underwriting agencies, where he oversaw a number of specialist agencies including Marine, Strata, Film and Mobile Plant.

The role will report to Declan Moore, Chief Underwriting Officer, who said that Mr. Green’s diverse product experience, combined with a passion for Underwriting Frameworks and Rating Models were a great fit for QBE’s aspirations in the sector. “I’m delighted to welcome Alex to this senior role and look forward to working closely with him.”

Green holds a degree from the University of Melbourne in mathematics and psychology and post graduate studies in computing and operations research. His ongoing interest in mathematics is reflected in his membership of the Institute of Actuaries. Previously, he has had roles managing workers’ compensation, professional risks and liability portfolios at Vero and Suncorp.

Ex-QBE CEO appointed Group Executive at NSW icare

Tim Plant – currently Group Executive Innovation – will expand his responsibilities in the newly created role of Group Executive, Self Insurance, Community & Innovation as icare CEO Vivek Bhatia has announced insurance industry stalwart Steve Hunt’s decision to retire after 17 years with the NSW government and 12 years leading its Self Insurance business.

Plant was previously CEO of QBE’s Australia and New Zealand operations and brings more than 25 years experience in insurance and reinsurance, including more than a decade as a senior executive for one of the world’s largest insurers.

“Tim’s charter will be to lead icare’s Self Insurance business as well as our very important innovation agenda across icare. Ultimately this will accelerate the execution of our strategy to transform icare into a world-class insurance and care organisation,” Bhatia said.

“He will also continue to lead the icare Foundation and icare’s Health & Community Engagement Teams, where we are creating new community partnerships that expand and enhance the services provided for both businesses and injured people, their families and loved ones.

Hunt will transition from his role as icare Group Executive, Self Insurance on 1 June 2017 to focus on the Self Insurance Transformation until his retirement. He has been at the helm throughout NSW Self Insurance Corporation’s (now icare Self Insurance) journey to date, was responsible for creating both the NSW Self Insurance Corporation and the Home Building Compensation Fund (HBCF) and was instrumental in the development of Tort Law reform in Australia.

“Steve has had a magnificent career and is highly respected in the insurance industry and public sector for his deep industry knowledge, commercial acumen and for delivering exceptional service to government agency clients. He leaves a strong legacy for the NSW Self Insurance Corporation,” Bhatia said.

“I congratulate Tim on his appointment at what is an exciting time in icare’s transformation journey and am confident he can deliver great outcomes for government agencies, businesses and injured people. “Over the next few months Steve and Tim will work together to ensure a smooth transition of leadership as we work with our government agency clients to transform the operating model and deliver even stronger outcomes for NSW,” he said.

YP joins AILA board

The Australian Insurance Law Association has appointed a member of its Young Professionals group to join the board as an ex officio member.

AILA National President Angus Kench said Jessica Beard, national co-convenor of AILA’s YPs, had accepted the board’s invitation. Beard is a solicitor in the Brisbane office of Quinlan Miller & Treston.

Kench said AILA valued its YPs and Jessica’s appointment would enrich the association and ensure it continued to offer events and benefits of value across the entire membership, including those aged under 30. “Many associations today stagnate because they do not encourage generations X and Y to be involved. Having Jessica on the board will ensure the younger generation’s perspective is included in our deliberations on behalf of the membership as a whole,” he said.

Beard said YPs were increasingly representative of the insurance industry. “It’s important to have a YP representative on the AILA board to ensure YPs’ and new industry entrants’ ideas, initiatives and views are supported at a national board level.”

She said having a dedicated AILA YP division meant events and topics were tailored to issues relevant to furthering the knowledge and skills of the industry’s younger people.