Weekly Wrap: IAG director steps down over ‘potential conflict of interest’

Weekly Wrap: IAG director steps down over ‘potential conflict of interest’ | Insurance Business

Weekly Wrap: IAG director steps down over ‘potential conflict of interest’
IAG steps down over ‘potential conflict of interest’

IAG director Dr Nora Scheinkestel has resigned from the board due to an undisclosed “potential conflict of interest”.

Dr Scheinkestel joined the IAG Board in July 2013. The potential conflict of interest has recently emerged and, “on that basis, she believes it is appropriate that she resign as a director of IAG”, a statement from the insurer read.

Dr Scheinkestel is a director of Telstra Corporation Ltd and Orica Ltd and has served in positions with AMP, Macquarie Bank and Deutsche Bank.

AGA appoints CFO

Assistance services company Allianz Global Assistance has appointed Craig Dalzell as its new chief financial officer.

Dalzell joins from KPMG where he was director of the advisory division, specialising in financial management. He was also CFO of Medicare and deputy CEO of Commercial Indigenous Business Australia.

Dalzell has more than 20 years’ experience in finance and accounting.

Industry and Productivity Commission to meet to discuss natural disaster funding

The productivity commission is to meet with insurance industry leaders to discuss the future of natural disaster funding in Australia, according to the Australian and New Zealand Institute of Insurance and Finance.

A panel discussion will take place on 7 October. The speakers will be Karen Chester, the commissioner of the productivity commission; Nicholas Schofield, general insurance manager of corporate affairs at Allianz Australia; Karl Sullivan of the ICA; Lisa Harrison, executive general manager of customer product and pricing at Suncorp; and Stephen Brunker, treaty account executive at Gen Re.

In other news at ANZIIF, young insurance professionals will meet with industry heavyweights in a series of events aimed to foster the next generation of industry leaders.

The Generation i: Leaders of the Pack afternoon workshop series, will see each leader meet with nine under 35 year-olds to talk about career progression, skill building, how to overcome challenges, how to lead, and anything else they wish to discuss.

Catherine Pettitt, chair of the ANZIIF Gen i Council said the series aimed to instil confidence in the young professionals as well as obtain valuable advice on how to progress in their careers.

Suncorp takes home a win at IB’s parent company HR awards

Suncorp Commercial Insurance’s human resources team hit the jackpot at the Australian HR Awards this month, scooping HRD Magazine's Best HR Industry Innovation and Corporate Creativity Award.

The coveted awards are run by Key Media, which also owns Insurance Business.

Suncorp CI won the award thanks to three initiatives of the HR team: specialist career pathways, a 'career compass' and the build a great career portal.

Suncorp CI CEO Anthony Day said the awards were an endorsement of the company’s dedication to “harnessing innovation to deliver great results”.