{"id":32441,"date":"2016-02-16T14:48:31","date_gmt":"2016-02-16T03:48:31","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=32441"},"modified":"2016-02-17T03:53:22","modified_gmt":"2016-02-16T16:53:22","slug":"suncorp-names-new-insurance-ceo","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2016\/02\/16\/suncorp-names-new-insurance-ceo\/","title":{"rendered":"Suncorp Names New Insurance CEO"},"content":{"rendered":"<p>Suncorp Group Limited has announced a revamp of its senior executive line-up moving all of its insurance businesses under a single executive, days after announcing modest growth in its life insurance business.<!--more--><\/p>\n<figure id=\"attachment_29394\" aria-describedby=\"caption-attachment-29394\" style=\"width: 150px\" class=\"wp-caption alignright\"><a href=\"https:\/\/riskinfo.com.au\/news\/files\/2015\/04\/Michael-Cameron.jpg\" rel=\"attachment wp-att-29394\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-29394\" src=\"https:\/\/riskinfo.com.au\/news\/files\/2015\/04\/Michael-Cameron.jpg\" alt=\"Suncorp Group CEO, Michael Cameron\" width=\"150\" height=\"180\" \/><\/a><figcaption id=\"caption-attachment-29394\" class=\"wp-caption-text\">Suncorp Group CEO, Michael Cameron<\/figcaption><\/figure>\n<p>The shift of roles and responsibilities is part of wider change to a new operating model which was announced by Suncorp, Chief Executive and Managing Director, <strong>Michael Cameron<\/strong> with the group to continue to offer products and services in the areas of banking, wealth management and insurance in Australia and New Zealand.<\/p>\n<p>Cameron said the business units would now each be responsible for product design and manufacturing, claims management and end-to-end responsibility for the statutory entities.<\/p>\n<p>Under the new model <strong>Anthony Day<\/strong> has been appointed Chief Executive Office \u2013 Insurance from 1 March 2016 and will oversee the product development and pricing, capital and reinsurance, claims management and operational delivery for Personal, Commercial and Life insurance services.<\/p>\n<p>Day was previously Chief Executive Office \u2013 Commercial Insurance while life insurance was under the oversight of Suncorp Life, Acting Chief Executive, Jeremy Robson.<\/p>\n<p>Suncorp also created a Customer Experience function which will shape product innovation and marketing strategies and a Customer Platforms function to allow its customers access to any Suncorp product and any Suncorp brand via any channel, including a digital marketplace.<\/p>\n<p>The announcement of the restructure follows the recent release of Suncorp\u2019s half year figures in which Suncorp Life posted a net profit after tax of $53 million but stated profit was affected by investment market volatility.<\/p>\n<p>However, with three consecutive reporting periods of positive experience for both lapses and claims, Suncorp said it believed its assumptions were appropriate with total in-force annual premiums up by 5.2% highlighting the groups focus on retention and ensuring new business was written on a more sustainable footing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Suncorp Group Limited has announced a revamp of its senior executive line-up moving all of its insurance businesses under a single executive, days after announcing modest growth in its life insurance business.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48],"tags":[],"class_list":["post-32441","post","type-post","status-publish","format-standard","category-company-news"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/32441","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=32441"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/32441\/revisions"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=32441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=32441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=32441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}