Suncorp reshuffles senior management as insurance CEO departs

Australian insurer Suncorp has appointed Gary Dransfield as the new CEO of insurance, replacing Anthony Day who has decided to leave the company after serving for almost 10 years.

The group said on Oct. 12 that it is streamlining the senior leadership team to fast track the delivery of its overall strategy.

As part of the move, the customer platforms, customer experience and strategic innovation functions have been combined into a single function titled customer marketplace. Pip Marlow has been appointed as the CEO of the new function.

Mark Reinke will move into an advisory role reporting to Suncorp CEO and managing director, Michael Cameron. In this role, Reinke will focus on activation of the marketplace strategy incorporating global insights and learnings from other platform organisations.

Finally, chief financial officer Steve Johnston, who leads the finance and advice function, will also assume the responsibility for legal and company secretariat.

"I’d like to thank Anthony for his significant contribution to the company over many years," Cameron said, further announcing that "as a result of the changes, Chief Legal Officer Kate Olgers has also decided to leave the company during October."

"I would like to thank Kate for her commitment and the positive role she has played."

Cameron added: "Over the past 12 months, we have embedded a new strategy and operating model. A more streamlined senior team will deliver the strategy more efficiently and effectively. We have brought together our customer-facing and innovation teams to fast track the delivery of our market commitments, and to create more value for our customers."

Get the latest re/insurance news sent to your inbox every day -  Sign up to our free email newsletters

Lloyd’s outlook revised to negative on hurricane losses

China’s regulator bans funding for HNA insurance

Chubb appoints Singapore's head of casualty

Chartered Insurance Institute names new claims faculty head

Don't miss our insurtech email newsletter - sign up today