Insurance NZ manager Brent King is the latest big name to flee the ship after a string of key departures before him.
King, who was branch manager for Lumley
’s Christchurch office, is leaving the beleaguered recently-merged company to take up a senior role at Marsh
starting in September.
His departure follows that of CEO John Lyon
on 18 July and Lumley
’s manager of the broker small business team, Brett Cowley, who has left for Crombie Lockwood
Other staff members have left Lumley
for brokers such as Aon and new underwriting agency Delta
received one comment that NZI
(also part of IAG
) was acting as if it owns Lumley
which was ‘a major reason to resign’ plus the fact that “NZI
assume they will get the top jobs while Lumley
staff will be the plebs.”
’s new owners IAG
decided not to comment on this latest departure, spokesperson Denise Bailey had said previously the exodus from Lumley
was within what was considered normal under the circumstances.
She had defended IAG
’s treatment of Lumley
staff and maintained the company was doing its best to retain the talent.
“We have reassured them [Lumley
staff] that we will leverage the capabilities and strengths from both organisations; be fair, inclusive and equitable in our treatment of people; and operate in a transparent way,” she said in a statement to Insurance Business
“One of the benefits of the acquisition is the experience and capability of Lumley
Brent King started at Lumley
in 1991 and before that worked at Security & General Insurance and the National Insurance Company of New Zealand.
spokesperson Denise Moller said Marsh
would benefit greatly from King’s considerable knowledge and experience.
She said: “We are delighted to confirm that Brent King will be joining our Christchurch office in September to head up their Risk Management team.
“Brent brings a wealth of experience in this area from Lumley
and will be focused on growing our business in Canterbury following some of our recent successful wins there.”