Zurich Financial Services Australia has appointed Justin Delaney as CEO of life and investments, succeeding Tim Bailey, who is returning to Europe to take up another role within the Zurich Group.
Delaney will commence the role in December, bringing nearly 25 years of experience in the Australian financial services industry, most recently as COO for TAL’s life insurance business.
Prior to that, Delaney held senior roles for more than 12 years with the Macquarie Group, where he oversaw the creation and growth of Macquarie Life, as well as leading its platforms, superannuation, and online broking businesses.
Delaney joined the Australian business from Zurich’s Group head office in early 2015 and has since overseen the successful acquisition and integration of the Macquarie life business, and most recently the successful completion of Zurich’s acquisition of OnePath Life.
Delaney “brings excellent experience across all channels in the life sector, and joins a business with a clearly defined strategy, built on a commitment to a dual brand, multi-proposition approach in retail, and strong growth aspirations across group life, bancassurance, and investments,” said Jack Howell, Zurich’s APAC regional CEO. “This strategy has been developed and executed by a stable and highly experienced senior leadership team, and I know Justin is looking forward to working with them immensely.”
Howell also thanked outgoing CEO Tim Bailey for his role in growing the Australian business “from a mid-tier player to a true market leader in Australia.”
“One of the many drivers of this success has been Tim’s focus on organisational culture, and we are proud of the excellent employee engagement seen across the Australian life and investments business, which is among the highest in Zurich Group,” Howell said. “Tim was able to articulate a clear strategic vision, and motivated and empowered his people to deliver it. The excellent results that the business continues to achieve are a real testament to this.”
Bailey will continue in his role as Australian life and investments CEO until late 2019 when Delaney takes up his appointment.