Peter Harmer new chief executive of CGU
Insurance Australia Group (IAG) has appointed former Aon Australia and UK chief executive Peter Harmer as the chief executive of CGU, following the resignation of current boss Duncan West for family reasons.
Harmer has 30 years of industry experience. Before leading Aon he worked in underwriting, reinsurance broking and commercial insurance broking. He will commence on 8 November but will also have an extended handover with West who will leave in January next year.
IAG managing director and chief executive Michael Wilkins said that West had delivered a $130 million improvement in underlying insurance profit over the past two years and was confident Harmer could continue the turnaround.
“His depth of experience, established relationships and proven leadership qualities make him a valuable addition to our organisation,” Wilkins said.
Recommended for you
Nearly seven in 10 HNW-focused advisers view alternatives as the asset class that will be fundamental to meeting client demands in the future, according to Praemium.
The Perth-based advice practice has welcomed a private wealth adviser and senior paraplanner to its ranks amid its strategic shift towards wealth transfer strategies.
The number of members expelled from the Australian Financial Complaints Authority almost doubled between 2023 and 2024, according to internal data.
Perth financial advice firm Wealth Management Partners has merged with global financial services firm Gallagher.
