iExtend has appointed Michael Hull as its new chief operating officer to enhance the firm’s operational frameworks, in addition to ensuring compliance and regulatory standards and customer excellence continue to be delivered as the business grows.
Prior to taking on this role, Hull held several senior positions across a number of firms, including BT Australia, Merrill Lynch and ANZ. In addition to this, he also ran a franchise where he worked with Australian families to provide “technology-delivered education solutions”.
Having spent more than two decades in equity markets working as a trader before moving on to hold a number of management roles and international appointments, Hull brings a wealth of knowledge and experience to the firm.
David Sarkis, chief executive at iExtend, noted that last year saw the firm secure an Australian Financial Services License (AFSL), adding that Hull’s appointment has come at a crucial time in the business’ growth trajectory on the back of this.
“Since iExtend gained its AFSL last year, iExtend has further cemented its place in the financial services industry as a provider of choice to life insurance policyholders who have decided to either cancel or reduce their cover and have experienced a health change,” Sarkis said.
“We want to ensure our methodology and procedures continue to deliver high rates of compliance and regulatory adherence and we look forward to Michael facilitating future business growth built on these strong foundations.
“We want to instil confidence and value into life insurance by providing Australians with another option to cancelling or reducing their cover after a change in health.”
As recent research has shown that Australians continue to feel the pressure of the high cost of living, coupled with rising premiums, more and more have started to view their life insurance as a “liability rather than an asset”, which has ultimately resulted in more making the decision to cancel their cover.
However, providers such as iExtend have provided them with “another choice”, allowing them to maintain their level of cover at a more affordable price point.
