Insurance Council of Australia (ICA) has announced the appointment of a new president and deputy president who will commence their two-year terms on January 1
st 2015.
The president and chairman of the board will be Andy Cornish, chief executive of personal insurance for Insurance Australia Group (
IAG) who steps up from his role as deputy president while Colin Fagan, CEO of
QBE, has been appointed deputy president.
Outgoing board president, Mark Milliner, chief executive, personal insurance for the
Suncorp Group, said that he has “personally appreciated the support and guidance I have received from Andy and my fellow directors, the ICA Executive and CEO Rob Whelan, and I am pleased to continue to serve the industry on the Board as Immediate Past President."
Cornish spoke with relish at taking on the role of president and praised Milliner for his service to the ICA.
"I am delighted to be taking up this opportunity as president during an exciting time for the Australian insurance industry, and on behalf of the Insurance Council of Australia thank Mark for the significant contribution he has made during his tenure.
“Mark has steered the ICA board as president, and previously as deputy president, during some of the industry's most testing years, including natural disasters, wide-ranging government inquiries, changes in governments and a heightened focus on affordability issues, and I am pleased to have worked alongside him.
"I will continue to build the strong foundations laid by the ICA, through addressing the outcomes of the Financial System Inquiry and the Productivity Commission report into Natural Disaster Funding, as well as working more broadly with relevant stakeholders to ensure Australians have access to insurance that meets their needs."
Milliner also noted the work of Cornish in his role as deputy president and believes the ICA can build on his leadership.
"Andy is a passionate advocate for general insurance and the essential role it plays in the community and Australian economy, and his appointment comes during an important time for the industry.”
