The Insurance Council of Australia
(ICA) has announced a new president and deputy president for its board in 2017.
Colin Fagen, currently QBE
’s group chief operations officer, has been appointed president of the ICA and chairman of the board and will take the position from January 1.
, managing director of Allianz
Australia, has been appointed deputy president.
Fagen will replace IAG
’s chief operating officer, Mark Milliner, who will complete his terms as interim president on December 31 and continue to serve as a board director.
“The ICA is indebted to Mark for his guidance and leadership during his term as interim board president since July 1,” ICA CEO and board executive director, Rob Whelan said.
“The industry is fortunate it will continue to benefit from his insights and expertise on the board.”
Fagen served as deputy president of the ICA board from 2015 and has been appointed on a two-year term.
“I’m pleased to accept the role of ICA President, and look forward to working with the board and the ICA’s executive team to ensure the insurance sector is recognised for its significant contribution to our society,” Fagen said.
“On behalf of the board I would like to thank Mark for his service, and hope to continue his fine work.”
Fagen noted that while insurers face a host of challenges over the next two years, the ICA board is equipped to meet them.
“The expectations from various stakeholders, including government, regulators and consumer representative groups of the financial services sector has rarely been higher. Issues including climate change, affordability, disclosure and mental health remain high on the public agenda,” Fagen continued.
“The ICA Board has a special responsibility to guide the industry so it can remain sustainable, while engaging with governments and stakeholders to help create stronger and more resilient communities.”
Fagen was appointed to the newly created role of Group chief operations officer at QBE
earlier this year having previously served as Group chief strategy officer and CEO of Australian and New Zealand operations of the company.
The 2017 board members will be:
Colin Fagen, Group chief operations officer, QBE
, managing director, Allianz
Executive Director and CEO
Rob Whelan, CEO, Insurance Council of Australia
Mark Milliner, chief operating officer, IAG
, chief executive officer, AIG
Richard Enthoven, chief executive officer, The Hollard Insurance
David Russell, chief executive, RAA Group
Mark Senkevics, managing director and head of Australia & New Zealand, Swiss Re
Helen Troup, managing director, Commonwealth Insurance
, chief executive officer, Insurance, Suncorp
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ICA announces new board president