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
AZ NGA has partnered with an Adelaide-based accounting and financial planning practice as it expands its presence in South Australia.
The central bank has released its decision on the official cash rate following its November monetary policy meeting.
ASIC has cancelled the AFSL of a Melbourne-based managed investment scheme operator over a failure to pay industry levies and meet its statutory audit and financial reporting lodgement obligations.
Melbourne advice firm Hewison Private Wealth has marked four decades of service after making its start in 1985 as a “truly independent advice business” in a largely product-led market.
