IAG appoints new managing director and CEO replacing Harmer

Australian insurer IAG has appointed Nick Hawkins as managing director and chief executive officer (CEO), succeeding Peter Harmer who is set to retire and leave the company after five years as IAG CEO.

Hawkins will assume the new role from November 2, 2020. Hawkins, who joined IAG in 2001, was appointed deputy CEO in April this year after 12 years as chief financial officer. Prior to that, he spent two years as CEO of IAG’s New Zealand business.

IAG said the appointment follows a comprehensive internal and external search.

Elizabeth Bryan, chairman of IAG said: “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.”

Bryan added: “Peter has been pivotal in creating the innovative and customer-focused company that IAG is today. Under Peter’s leadership, IAG has sharpened its focus on delivering better outcomes for customers and their communities while performing well financially. It is very pleasing that our new CEO shares Peter’s passion for IAG to be a truly purpose-led business.”

Hawkins commented: “I am excited to lead IAG during its next phase of growth and ensure the company 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. 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.

“I look forward to working with our people and our partners to continue to grow IAG and build on our work to meet the evolving needs of our customers and their communities.”