The Insurance Council of Australia (ICA) has announced that Colin Fagen has left his role as president of the council.

The news comes days after it was revealed that Fagen had left his role as group chief operations officer at QBE.

An ICA spokesperson told Insurance Business that Fagen had left the position.

“Allianz Australia CEO Niran Peiris has stepped into the role of Acting President of the Board of the Insurance Council of Australia following the departure of Colin Fagen from QBE.

“The Board will hold a special meeting next month to determine the roles of President and Deputy President.”

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Fagen, who was formerly CEO of Australian and New Zealand operations for the giant insurer, left the firm a year after stepping into the newly created group COO role.

In November, the ICA announced that Fagen would take on the role of president from January 1 with Peiris appointed as deputy president.

Fagen has been involved in the insurance industry for over 21 years and worked for QBE for over 16 years.


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