Earlier this year, Black announced that his 13-year tenure as CEO of the rural insurer would end in August as he felt it was “the right time” to step down.
Heath is currently executive general manager for insurance solutions at Suncorp New Zealand, in charge of the company’s general insurance portfolios under the Vero brand. Prior to Suncorp, Heath worked at IAG, where he was general manager of product management, personal lines pricing and underwriting.
“With a strong background in general and life insurance, banking and telecommunications, we’re thrilled to have secured someone of Adam’s calibre,” said Tony Cleland, FMG board chairman. “Added to this, Adam is a leader who empowers those around him, shares FMG’s values and has empathy for the mutual model and the rural sector. We know Adam will be a great fit for FMG and ably lead the organisation through its next chapter.”
“I’m really looking forward to joining FMG and being part of the mutual’s long and proud history of supporting rural communities,” Heath said. “It’s already a very successful and well-run organisation, and what impresses me is it’s not resting on its laurels in that regard. It has an ambitious growth strategy and wants to improve further to support clients and members in an increasingly digitalised world.”