11 November 2014
IAG’s Andy Cornish appointed President of Insurance Council Board
The Board of the Insurance Council of Australia (ICA) has appointed a new President and Deputy President for two-year terms, commencing on January 1, 2015.
The President and Chairman of the Board will be Mr Andy Cornish, Chief Executive, Personal Insurance, for the Insurance Australia Group, who steps up from Deputy President.
He replaces Mr Mark Milliner, Chief Executive Officer, Personal Insurance, Suncorp Group Limited. Mr Colin Fagen, Chief Executive Officer, QBE Insurance (Australia) Limited, has been appointed Deputy President. The appointments were made at a meeting of the ICA Board in Sydney on November 6, 2014.
Mr Milliner said Mr Cornish had been an invaluable contributor to Board discussions during his tenure as Deputy President.
"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," Mr Milliner said.
"Over the past two years the Insurance Council and the industry have made significant progress in many areas, including the introduction of a new General Insurance Code of Practice, the abolition of the Fire Services Levy in Victoria, improvements to insurer access to hazard data, and the launch of the award-winning Understand Insurance consumer financial literacy initiative.
"During this time I have 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."
Mr Cornish said: "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.
“During this time the ICA has ensured the industry remained relevant and sustainable through its policy, advocacy, communications and stakeholder engagement activities. It is vitally important we keep this activity going, for the benefit of members and their customers.
"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.”