Making news this week, one major insurer announced an overhaul of its business, a leading brokerage revealed a pair of executive changes and a new chairman has been announced for an industry body.

IAG announced a major shake-up of its businesses both at home and abroad.

Led by Peter Harmer, the insurer will create new business units in a bid to stay ahead of the curve of innovation and the business has made some key executive changes.

International broker Arthur J Gallagher announced a series of changes at the top of its Australian broker business.

Finally, the Underwriting Agencies Council announced a new chairman who will take on the leadership role as the group looks to hit its aims for 2020.