February insurance transitions

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

New CEO for Aon in Australia

Aon has announced  a new CEO for their Australian business with current CEO Lambros Lambrou leaving the post to transition into “a broader role with the global business”, the firm said in a statement.

Lambrou will be replaced by James Baum, who currently holds the roles of managing director, commercial, as well as chairman of Aon Broking, Pacific.

Bill Hooper, currently chief financial officer and chief operating officer at Aon Pacific, will add new responsibilities to his current role in the wake of Lambrou’s departure, the firm also announced.

Hooper will represent the Pacific region on the global Aon Risk Solutions operating committee and will work closely with Baum as he transitions to his new role, the firm said.

QBE announces people moves  

QBE has appointed two new General Managers to its Intermediary Distribution leadership team, as well as created two new portfolios in its Australian and New Zealand Operations.

Rebecca Engel has been appointed to the role of General Manager Underwriting Agencies, reporting in to Executive General Manager Intermediary Distribution Jason Clarke. She will be responsible for working closely with key partners in the Underwriting Agency space to enhance relationships, drive customer focus and identify growth opportunities.

Further, Dean Cullen will take on the role of General Manager Specialty, including aviation, marine, construction, warranty and professional lines and will also report to Jason Clarke.

Given their specialised nature, these teams will be incorporated into the Specialty team in an expanded portfolio.

In addition to the GM appointments, QBE announced the creation of two new portfolios, as the business looks to arrange itself to deliver the best possible outcomes in line with its strategic priorities.

A new team called People Risk has been created, headed up by General Manager, Adam Farr. This combines the Workers Compensation and Accident and Health teams given the alignment between the two areas.

Financial Institutions and Direct Consumer business units will combine as Consumer, Affinity and Banking Partnerships, in an expanded portfolio for General Manager Eleanor Debelle.

Debelle and Farr will continue to report to Executive General Manager Consumer and Retail Partners, Andrew Broughton. ANZO CEO Vivek Bhatia said the changes would better align teams to take a more customer-centric approach. “Our strategy is about putting the customer at the heart of what we do and these changes mean we will be organised in a better way to deliver on that.”

The changes will take effect from Monday, 19 February.