Insurance transitions in December

December has started with some important insurance transitions in the top management of the segment in Australia.

Two new major appointments at ProRisk – 12 Dec 

Underwriting experts ProRisk have appointed two new regional managers. Commencing 11 December, Joe Lou joined the team as Southern Regional Manager based in Melbourne and Aimee Pozoglou will start with ProRisk on 18 December in the role of Northern Regional Manager based in North Sydney.

Executive Director Hamish McDonald Nye said, “Joe is a natural people leader and an exceptional underwriter bringing with him a wealth of underwriting experience in casualty and financial lines as well as outstanding market relationships which will benefit ProRisk and our brokers.”

“ProRisk is an organization that is going through an important evolutionary phase and I am extremely excited and proud to be joining the team and getting involved in the journey,” commented Lou.

McDonald Nye goes on to say, “I am excited to be working with Aimee. She has great technical and product development skills and broad relationships collected over an impressive 20 year career. She will be a great leader for our NSW and Queensland business as we continue to grow and develop new insurance solutions for the market.”

Pozoglou said, “I am very excited to join Hamish and the ProRisk team. They are positioning themselves for a growth period and I couldn’t be happier to be joining the group, there are exciting times ahead for ProRisk.”

APRA announces executive appointment – 11 Dec

The Australian Prudential Regulation Authority (APRA) has appointed Therese McCarthy-Hockey to the newly created role of Executive General Manager, Strategy/Chief Risk Officer effective 1 February 2018.

APRA Chairman Wayne Byres welcomed McCarthy-Hockey’s appointment to APRA’s executive team. ‘Therese brings to APRA impressive skills and experience relevant to this newly created role, as well as a very strong commitment to APRA’s mission to protect the financial well-being of the Australian community. In particular, Therese’s understanding of the financial system, and the inner workings of complex financial institutions, will help ensure APRA’s strategies and supervisory practices remain up-to-date and fit for purpose.’

McCarthy-Hockey will be responsible for APRA’s Supervision Framework and Enterprise Strategy & Risk functions. This responsibility covers both the design and maintenance of the processes and techniques used by APRA’s supervisors to assess risks within regulated institutions, as well as the framework APRA uses to oversee its own risks. Ms McCarthy-Hockey will also oversee APRA’s strategic and business planning, accountability and performance reporting processes.

Swiss Re announces changes – 8 Dec

Swiss Re’s current Group Chief Strategy Officer, John Dacey, has been appointed Group Chief Financial Officer, effective 1 April 2018. He will succeed David Cole, who will step down to pursue a non-executive career, while remaining a board member of several Swiss Re subsidiaries. In addition, Swiss Re’s Board of Directors has proposed to elect Karen Gavan, Eileen Rominger and Larry Zimpleman as new, non-executive and independent members at the upcoming Annual General Meeting on 20 April 2018.

John Dacey joined Swiss Re’s Group Executive Committee five years ago as Group Chief Strategy Officer, successfully leading multiple strategic initiatives across the Group. His career in the re/insurance industry spans more than 20 years, during which time he has held various senior executive positions.

Swiss Re Chairman, Walter B. Kielholz, said: “We are grateful for David’s leadership and outstanding contribution to Swiss Re over seven years. As Group Chief Financial Officer, he has transformed our Finance division into an efficient allocator of capital across the Group. While we will miss having him in our Group Executive Committee, we are delighted that he will stay involved with Swiss Re and that we will continue to benefit from his experience.”

Kielholz continued: “John Dacey, who has a very strong track record both within and outside Swiss Re, is the ideal candidate to pick up on the momentum created by David Cole and lead our Finance division forward. He has been instrumental in shaping Swiss Re’s strategic framework and launching the Swiss Re Institute – both of which strongly position Swiss Re as the leading risk knowledge company.”

With these changes, the Board of Directors has also decided that the two positions Group Chief Financial Officer and Group Chief Strategy Officer will be merged. As of 1 April 2018, Swiss Re’s Group Executive Committee will consist of 12 members.

AUB Group appoints new Chief Operating Officer  – 29 Nov

AUB Group has announced the appointment of Elyse Henderson as Chief Operating Officer, effective January 22, 2018. Henderson will be joining from National Australia Bank where she holds the role of Head of Transformation. In her new role, Henderson will lead and develop group service propositions including Business Technology, Business Centre and Marketing.

Mark Searles, CEO and Managing Director, AUB Group, said, “Elyse is an impressive leader with a focus on delivering the right client outcomes. Her strong record of strategy execution and her understanding of SME businesses and clients will greatly assist in leading service delivery for the Group.  I have been particularly impressed by the way Elyse has leveraged her practical SME management experience and related that to the consulting and banking worlds at a senior level. Having the customer and partner lens is so important to the success of this role within the Group”

Henderson, said, “Joining AUB is a logical next step in my career. I aspire to work with leaders, peers and partners who value strong strategy execution, integrity and relentless focus on the customer. I look forward to bringing my experience to the company to help partners and clients achieve success and growth in their businesses.”

Henderson was previously Head of Transformation at NAB where she was responsible for the strategy development and execution of transformation initiatives. She also held a senior consultancy role at Deloitte where she led client projects diagnosing and solving complex business problems. Prior to joining Deloitte, Elyse worked in risk for QR and established and led an SME fabrication, installation, and maintenance business based in Queensland.

New boss at Brooklyn Underwriting – 29 Nov

Tim Fairbrother has been appointed as Head of Brooklyn, effective immediately. XL Catlin Chief Executive for Asia Pacific, Craig Langham conveyed the news via a note to stakeholders.

Fairbrother will report to Robin Johnson, Country Manager for XL Catlin in Australia. He has spent the last five years overseeing Brooklyn’s broker relationship management, product distribution, brand management, marketing and communications.

Langham said that Fairbrother’s appointment as Head of the Brooklyn team represents continuity and commitment to intermediaries and their clients.