IAG New Zealand CEO Amanda Whiting confirmed the appointment of Rachael O’Brien as chief risk officer.
O'Brien has been serving in the role on an acting basis since July 2023, when the insurer’s executive team was temporarily changed in response to Cyclone Gabrielle and the North Island floods.
She was previously the executive manager of risk governance.
O’Brien has more than 20 years’ experience as a risk professional in the financial services industry in New Zealand and globally in the United Kingdom, Ireland and the USA.
She has worked across a range of risk-related disciplines including assurance, advisory and governance, with a focus on regulatory, compliance, operational, strategic and conduct risk, IAG said.
As CRO, Rachael is responsible for providing second-line risk guidance and support to the IAG New Zealand business and an independent perspective on risk management to the IAG NZ board.
In other IAG executive team news, Wayne Tippet who stepped out of his role to lead IAG’s response to Cyclone Gabrielle and the North Island floods, will resume his role as executive general manager, claims.
Previous CRO Martin Hunter, who stepped in to cover Wayne Tippet’s EGM Claims role, will now take up a new role to help drive IAG’s transformation programme.
The changes will take effect from 1 July.
