Insurance Australia Group (IAG) has named Tim Plant (pictured) as its chief insurance and strategy officer, which is a newly created role for the insurer.
Plant has 30 years of experience in the general insurance industry. Before joining IAG, he spent three years as chief executive officer for general insurance Australia and New Zealand at Zurich, where he was accountable for developing and driving its general insurance strategy and sustainable business growth.
Before joining Zurich, Plant served as the group executive insurance for icare. He also spent seven years between 2009 and 2016 in several senior roles at QBE, including managing director of elders’ insurance, executive general manager of corporate partners and specialty, and CEO of Australian and New Zealand operations. He also held roles at Swiss Re and Australian Eagle Insurance.
Joining IAG before the end of 2021, Plant will be accountable for group governance across underwriting, claims, and customer experience. He will also be responsible for developing and driving the implementation of the insurance giant’s strategy, innovation, and venture activities.
IAG managing director and CEO Nick Hawkins commented: “Tim brings a considerable depth of underwriting and insurance experience, as well as a deep understanding of customer needs through his leadership roles in the Australian and New Zealand general insurance markets. Tim’s experience will further bolster IAG’s leadership, and I look forward to welcoming Tim to the team.”
Yesterday, Zurich announced Plant’s replacement as the country CEO for life and investment (L&I) and general insurance (GI) businesses in Australia and New Zealand.
Justin Delaney joined Zurich Australia in December 2019 as L&I chief executive. In his new role, he will be assisted by Sean Walker, a general insurance chief underwriting officer for Australia and New Zealand, in managing the GI business.