New IAG managing director and CEO named

New IAG managing director and CEO named | Insurance Business

New IAG managing director and CEO named

IAG’s “comprehensive internal and external search” has led to the appointment of former New Zealand boss Nick Hawkins as managing director and chief executive of the general insurance giant.

After five years as CEO, Peter Harmer is leaving IAG on November 01 – with the new chief officially taking over the following day. When Harmer’s looming retirement was revealed in April, then chief financial officer Hawkins was tapped to serve as deputy CEO. 

Hawkins, who considers it an honour and a privilege to be taking the helm at IAG, was the group’s CFO for 12 years. He came onboard in 2001 and previously led the New Zealand business in his capacity as chief executive.

“Nick has a deep understanding of both global and domestic general insurance along with operational and financial experience, and this will ensure a smooth transition for IAG,” said chair Elizabeth Bryan when the announcement was made this morning. 

Bryan thanked Harmer for having been “pivotal in creating the innovative and customer-focused company that IAG is today.” She said the group has sharpened its focus on delivering better outcomes for customers and their communities while performing well financially, under the departing boss’s leadership.

The chair added: “It is very pleasing that our new CEO shares Peter’s passion for IAG to be a truly purpose-led business.”

Meanwhile Hawkins is “excited” to lead IAG during its next phase of growth while at the same time ensuring that the insurer emerges from the economic downturn as a strong, resilient organisation. 

“Insurance plays a fundamental role in our society and I’m proud to work for and lead a company that is truly purpose-led and customer-focused,” he commented.

“Our purpose – to make your world a safer place – has never been more important than now as we continue to help our customers and communities recover from the devastating natural disasters of late 2019 and 2020, and the ongoing challenges resulting from climate change and the pandemic.”