Resolution Life Australasia appoints CEO
Resolution Life Australasia has appointed Tim Tez as chief executive, effective February 2023, replacing Megan Beer who will relocate to London in 2023 to become the chief operating officer (COO) of Resolution Life Group.
Tez was currently CEO of medical indemnity for Avant Mutual, and was previously at AIA. He had over 20 years of experience in the life and health insurance industry with an extensive background across distribution, M&A, strategy, reinsurance, product, pricing, marketing, and government relations.
Beer’s move to London was part of the planned succession for the retirement of John Hele, who would continue to serve a president and COO until July 2023.
As group COO, Beer would oversee the development of the group’s global operations, including plans for the transformation of its acquired businesses. In her new role, Beer would serve as a board member of the group’s key subsidiaries, including continued service on the Resolution Life Australasia Boards.
Sir Clive Cowdery, founder and executive chairman of Resolution Life Group, said: “We are pleased with the development of the Australasian business and are certain that with Tim’s expertise, experience, and leadership, Resolution Life will continue to grow as the leading in-force specialist life insurer in Australasia.
“I would like to thank Megan for the outstanding job she has done in successfully overseeing the transition from AMP to Resolution Life. We appreciate her willingness to take on greater responsibilities in our global organisation and look forward to her move to the new role.
“I would also like to take the opportunity to thank John for his leadership during these last years of rapid growth for Resolution Life.”
Recommended for you
Apostle Funds Management has appointed the newly created position of director, head of wholesale as the firm expands its Australian footprint in the wholesale sector.
Recruitment manager Robert Half has shared the most in-demand roles in financial services that firms are finding difficult to fill, driven by ASIC’s growing focus on risk and compliance.
ASIC chief executive, Warren Day, is among senior executives to depart the corporate regulator amid changes to its leadership team.
Iress has completed the sale of its platform business, bringing $4.1 billion in funds under administration over to Praemium.
