Personnel Articles

AUSTRALIA and New Zealand’s biggest general insurer, Insurance Australia Group Ltd (IAG), has appointed Nick Hawkins as managing director and CEO, effective November 2.

Mr Hawkins succeeds Peter Harmer whose retirement was announced in April this year. Mr Harmer will leave the company on November 1, 2020 after five years as the insurer’s CEO.

IAG chairperson Elizabeth Bryan said Mr Hawkins’ appointment followed a comprehensive internal and external search.

She said Mr Hawkins’ appointment reflected the strength of IAG’s leadership team and will ensure continuity and stability for the company.

“Nick has a deep understanding of both global and domestic general insurance along with operational and financial experience, and this will ensure a smooth transition for IAG,” she said.

Mr Hawkins joined IAG in 2001, spent two years as CEO of IAG’s New Zealand business and was appointed deputy CEO in April this year after 12 years as chief financial officer.

Prior to joining IAG, he was a partner at international firm KPMG specialising in financial services and worked with KPMG for 10 years in its Perth, London and Sydney offices.

Mr Hawkins said it was an honour and a privilege to be appointed to the position.

“Insurance plays a fundamental role in our society and I’m proud to work for and lead a company that is truly purpose-led and customer-focused,” he said.

“Our purpose – to make your world a safer place – has never been more important than now as we continue to help our customers and communities recover from the devastating natural disasters of late 2019 and 2020, and the ongoing challenges resulting from climate change and the pandemic.”

Ms Bryan said the IAG board sincerely thanks Mr Harmer for his five years at the helm of IAG.

“Peter has been pivotal in creating the innovative and customer-focused company that IAG is today,” she said.

“Under Peter’s leadership, IAG has sharpened its focus on delivering better outcomes for customers and their communities while performing well financially. It is very pleasing that our new CEO shares Peter’s passion for IAG to be a truly purpose-led business.”

By Neil Dowling