IAG’s Cornish becomes ICA president
The Insurance Council of Australia has appointed a new president, Insurance Australia Group personal insurance chief executive, Andy Cornish.
The appointment was confirmed by the ICA board this week, with Cornish’s appointment being for two years from 1 January, 2015.
Cornish succeeds Mark Miller in the role. Miller is the chief executive, personal insurance at Suncorp Group.
QBE Insurance chief executive, Colin Fagen has been appointed deputy president.
Recommended for you
Shadow financial services minister, Luke Howarth, has stressed the Coalition’s commitment to reforming the CSLR, adding that he ultimately wants to “get rid of it”.
With just over three weeks until the federal election, the FAAA has put a reduction in red tape and further support for new entrants on its priority list for an incoming government.
The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered.
Rather than taking a controlling approach, the latest generation of overseas private equity deals is helping advice firms to achieve their growth ambitions, three commentators have said.