Johnston will join Tower from Chubb, where he is currently the chief financial officer and director of the company’s Far East region, and was previously financial controller for the European region.
Prior to joining Chubb, Johnston spent four years at AIG, having held the role of global finance director of personal insurance, based in the UK. Johnston will return to New Zealand after more than 15 years overseas.
“The board is pleased to welcome a CFO of Paul’s calibre to Tower and back home to Aotearoa,” said Michael Stiassny, Tower chairman. “We are confident he will bring exceptional strength to the Tower leadership team.”
Johnston’s industry expertise centres on general insurance, with further experience in reinsurance, regulation and reporting.
“Paul is an internationally experienced finance professional with more than 15 years senior experience in the insurance and financial services sectors,” said Blair Turnbull, Tower chief executive. “He has extensive strategic and operational finance experience, and we are delighted that he is joining the Tower team.”
“I’m excited to be joining Tower, a company I’ve long admired for its technology and data advantage and customer focus,” Johnston said. “Tower’s very solid capital and solvency position, combined with its strong growth strategy, will position us well to continue delivering sustainable shareholder value in the future.”