Rural insurer pays out $228m
Rural insurer FMG has paid out $228 million to communities impacted by two major weather-related events - Cyclone Gabrielle and the Auckland Anniversary Weekend floods.
Amanda Whiting, chief executive of IAG New Zealand, has been appointed as the organisation’s new president and Adam Heath, chief executive of Farmers Mutual Group (FMG) has been appointed as the vice-president.
The ICNZ is a representative body which was established in 1895 to represent fire and general insurance companies.
“I feel honoured to have the confidence of my fellow Board members to take up this leadership role for general insurers and look forward to working with Adam to ensure New Zealanders continue to enjoy the strong protection our sector provides,” Whiting says.
She replaces Toni Ferrier as president who has stepped down from the role as she has moved to become country manager for Marsh McLennan, a professional services firm which is not an ICNZ member.
Whiting was ICNZ’s immediate vice-president and Adam Heath was appointed vice-president b the ICNZ Board.
“I want to acknowledge the valuable contribution Toni Ferrier made during her term as president and wish her success in her new role,” Whiting concludes.
