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
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.
