Allan has held the position of Deputy President since 2016 and accepted the Presidency when Karl Armstrong stepped down at the end of his two year term. ‘I am excited to lead ANZIIF, as President, and work with the management team to realise the goals and vision of the organisation,’ said Allan. Prue Willsford, ANZIIF CEO paid tribute to Karl Armstrong ‘Karl has made a significant contribution to ANZIIF during a period of major change. He was also the first ANZIIF President from New Zealand.’

During the year, ANZIIF also welcomed Tim Plant, Group Executive, Self Insurance, Community and Innovation at icare and Donna Walker, Executive General Manager of Broker Business at iag. ‘We are pleased to welcome Tim and Donna, both of whom have a wealth of experience, to the ANZIIF Board. I am certain that their capabilities and knowledge of the industry will be of great benefit to ANZIIF,’ said Willsford.

2017 ANZIIF Board

• Allan Reynolds (President), Executive General Manager – NZ + Direct Steadfast
• Megan Beer (Deputy President), Group Executive, Insurance AMP
• Karl Armstrong (Immediate Past President), Chief Risk Officer, IAG New Zealand Limited
• Paul Allison, Vice Chairman Australia New Zealand
• Guy Carpenter
• Andrew Bart, Chief Executive Officer Asia Pacific, Crawford and Company Australia Pty Ltd
• Tim Considine, Managing Director, Austbrokers Countrywide
• Daniel Fogarty, Consultant
• Jonathon Fox, Executive General Manager, Claims, QBE Insurance Australia & New Zealand
• Chun Ming (Tony) Lee, Assistant Vice President, Allied World Assurance Company Ltd
• Callan McDonnell, Executive Manager Customer Culture, Suncorp
• Paul Munton, Executive General Manager Broking Branches, Rothbury Insurance Brokers
• Tim Plant, Group Executive, Self Insurance, Community and Innovation, icare
• Donna Walker, Executive General Manager – Broker Business, iag
• Prue Willsford, Chief Executive Officer, ANZIIF

ANZIIF CEO Prue Willsford and President Karl Armstrong also recognised a number of award winners and members for their contribution to ANZIIF and the insurance industry.

Peter E Daly AM was recognised with Honorary Membership for his extraordinary service to the insurance industry. Mr Daly was President, as well as CEO, of the Insurance Council of Australia, Chair of the Financial Ombudsman Service and formerly Chairman of AAMI Limited and Concord Group Limited. He was also Chairman of HDI-Gerling Australia Pty. Ltd. and a member of the Legal Practitioners Liability Committee in Victoria. In addition, he was Managing Director of Norwich Winterthur Group Limited and is currently Chairman at Australian Landscape Trust, which administers properties in Gippsland and Renmark concentrating on conservation and environment.

The annual ANZIIF Service Award was presented to ANZIIF Senior Associate John Peberdy. Mr Peberdy commenced work in the insurance industry in 1973 and throughout his career has generously contributed to a broad range of industry boards and activities including Chair of VMIA; Director of ARPC; Chairman of Stewards Insurance Services Pty Ltd; Deputy Chairman of Christian Super; Non-Executive Director of Protecsure Pty Ltd; Director of ICA; and Director and industry representative for the Financial Ombudsman Service. During the past five years, Mr Peberdy has supported ANZIIF by developing and facilitating various international workshops and seminars in China, Hong Kong and Melbourne for senior industry leaders and insurance technical specialists. In addition, Mr Peberdy was the first Chair of ANZIIF’s General Insurance Faculty Advisory Board and is a long-serving Australian Insurance Industry Awards judge.

The E.E. Vines Memorial Prize, awarded to the ANZIIF member who authored the most meritorious paper published in the Journal, ANZIIF’s quarterly publication, was presented to ANZIIF Fellow Dr Chris Wallace for his paper titled ‘Cyber Terrorism and Australia’s Terrorism Insurance Scheme’ which was published in Journal Vol. 39 No. 2.

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Tim Considine

The Australian and New Zealand Institute of Insurance and Finance is pleased to announce it has welcomed a new Board member and Deputy Chair as well as recognised a number of award winners and honorary members at its Annual General Meeting yesterday.

Tim Considine, Managing Director of Austbrokers Countrywide was officially welcomed to the Board after commencing as a director in January 2016. Allan Reynolds, Executive General Manager – Direct & New Zealand of Steadfast, was announced as Deputy Chair of the ANZIIF Board and Karl Armstrong – Chief Risk Officer of IAG New Zealand will stay on another term as President.

“We are so pleased to welcome Tim and Allan, both of whom have extraordinary experience in the industry as well as vision. As ANZIIF looks to the future, our Board will provide invaluable guidance and insight,” said Prue Willsford, CEO, ANZIIF.

Allan Reynolds of Steadfast said he was pleased to take on the role of Deputy Chair.

“Through its world-class education, membership and community initiatives, ANZIIF plays a vital role in supporting insurance professionals, businesses and the industry to grow and succeed. I am looking forward to working with ANZIIF’s members and partners across insurance at this exciting yet challenging time.”

Departing Directors, Board Deputy President Heinrich Eder of Munich Re, Colin Fagen of QBE and Frank Crapis, previously of Munich Re, were also acknowledged during the AGM.

2016 ANZIIF Board

• Karl Armstrong (President), Chief Risk Officer, IAG New Zealand Limited
• Allan Reynolds (Deputy), Executive General Manager – Direct & New Zealand, Steadfast
• Jonathan Fox (Immediate Past President), General Manager, Elders Insurance Limited
• Paul Allison, Principal & Chief Operating Officer, Guy Carpenter
• Andrew Bart, Chief Executive Officer, Crawford & Company Australia Pty Ltd
• Megan Beer, Director of Insurance, AMP
• Tim Considine, Managing Director, Austbrokers Countrywide
• Daniel Fogarty, Consultant
• Tony Lee, Executive Director, Seascope Risk Services (Hong Kong) Limited
• Callan McDonnell, Executive Manager, CI Learning Campus, Commercial Insurance Learning and Development, Suncorp
• Paul Munton, Executive General Manager, Rothbury Insurance Brokers
• Prue Willsford, CEO, Australian and New Zealand Institute of Insurance and Finance

In line with tradition, ANZIIF CEO Prue Willsford and Past President Jonathon Fox also recognised a number of award winners and members for their contribution to ANZIIF and the insurance industry.

Former ANZIIF President Tony Morgan was recognised with Honorary Membership for his extraordinary service to ANZIIF. Mr Morgan was involved with ANZIIF for over 40 years, serving as President and contributing significantly to the development of ANZIIF’s education offering. He is known as one of the region’s leading experts on business interruption and is the former president of the Australasian Institute of Chartered Loss Adjusters.

The annual ANZIIF Service Award was presented to ANZIIF Fellow Alan Brown. Mr Brown was recognised for his work mentoring and supporting young insurance professionals and for his significant contribution to the development of education materials for ANZIIF students in Papua New Guinea. He previously held roles with Zurich, AIG and QBE

The E E Vines Memorial Prize for the most outstanding article written by a member for ANZIIF’s quarterly publication, Journal, was awarded to Alistair Monk of QBE New Zealand. Mr Monk won the prize for his article, ‘The war we lose’, which discussed the challenges insurers face in balancing the consumer demand for competitively priced insurance products with those that meet their needs and provide adequate cover.

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The new appointments will all be based in Sydney and have enabled the firm to expand its offering from a traditional reinsurance broker to a holistic provider of insurance services. The added strategic advisory services include:

• Capital solutions – alternative capital raising and structuring*
• Operational solutions – cost reduction and business optimisation
• Growth solutions – market analysis including identification of acquisition opportunities
• Risk management solutions – underwriting and pricing including predictive modeling
• Human capital solutions – compensation and benefit planning as well as organisational transformation

To drive this new capability, Guy Carpenter has appointed industry expert Matthew Rose to the newly created role as Principal, Capital and Strategy. Matthew has 23 years working in the finance and insurance sector and prior to Guy Carpenter held executive roles at Suncorp, Wesfarmers Insurance and Zurich.

Guy Carpenter’s chief executive of the Pacific Region, Tony Gallagher, said Matthew’s appointment cements Guy Carpenter’s vision to develop strategies which ensure the optimal use of capital for its clients.

“As insurance companies demand more innovative reinsurance solutions, Matthew’s wealth of experience in capital advice, strategies and solutions is a huge opportunity for Guy Carpenter to better support a broader range of clients,” Mr Gallagher said.

Expanding outside traditional reinsurance

Helping clients grow their business through improved underwriting and risk selection is another key growth area for Guy Carpenter as it expands outside the traditional reinsurance broking sphere. To support this area, Tom Harvey has been appointed as a catastrophe analyst, developing models to predict the impact of bushfires, floods and other perils at individual locations in Australia and New Zealand. Prior to joining Guy Carpenter, Tom worked at a number of junior exploration mining companies and graduated from the University of Sydney with first class honours.

“The insurers most likely to produce exceptional returns in the future will be those who have the capabilities to understand their risk exposures, and price and underwrite this business successfully.  Tom’s specific expertise in developing sophisticated natural disasters models gives insurers better access to these capabilities,” he said.

Drawing from its global talent pool, Samantha Dew will be relocating to Sydney as part of an intergroup transfer from Marsh, London and will be responsible for broking casualty placements for large global clients. Valerie Badcock also joins from London and will lead the property team with her most recent role at Willis Re. Both Samantha and Valerie bring years of broking experience from the London market.

Additional hires also include Kim Collins who will be responsible for broking property placements and Teresa Aquilina who has more than 20 years of experience in property and casualty underwriting.

“We’re leveraging the expertise of employees across the world to expand our local footprint and enhance the range of services we offer clients. We believe the caliber of our staff, many having decades of insurance experience, distinguishes Guy Carpenter in a competitive local market,” said Mr Gallagher.

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