Another insurer appoints a new CEO


There has been change at the top of another major insurer -this time AIA AustraliA.
The big insurer announced this week that Damien Mu had been appointed Australian chief executive succeeding Peter Crewe who will take up a senior role in Hong Kong.
The change at the top of AIA in Australia follows on on the heels of MetLife announcing the appointment of Deanne Stewart as its Australian chief executive.
In announcing Mu’s promotion, AIA Australia chair, Theresa Gattung, said he had been instrumental in the company’s growth within Australia over the past seven years.
Recommended for you
Licensee Centrepoint Alliance has completed the acquisition of Brighter Super’s annual review service advice book, via Financial Advice Matters.
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.