Zurich Australia has named a new board chairman following the resignation of Terry Paradine.
Non-executive director Paul Bedbrook has been named as the new chairman of Zurich’s general insurance, life and investment entities and will replace Mr Paradine who had spent seven years in the role.
Mr Bedbrook has previously held a number of senior leadership positions with ING and currently holds a number of board positions with Elanor Investors Group, Credit Union Australia, National Blood Authority and Disability Sport Australia.
“It is an exciting time for Paul to be taking over the role of chairman and I am looking forward to working with him in this position,” Zurich country head and chief executive Daniel Fogarty said.
“I’d like to thank Terry Paradine for the significant contribution he has made to the insurance industry over the last 50 years as well as the wealth of broking and underwriting experience he brought to Zurich over the past 11 years.”
“The insurance sector has certainly experienced some challenges and changes during Terry’s board tenure and he has played a key role in helping steer Zurich through these times. He leaves Zurich in a very good position with a strong balance sheet and robust governance culture,” he said.
SUBSCRIBE TO THE IFA DAILY BULLETIN
- 22 Oct 2018ASIC reveals findings of CBA enforceable undertakingBy Adrian Flores
- 22 Oct 2018ARCO fund added to BT Panorama platformBy Adrian Flores
- 22 Oct 2018NAB well-placed to sell MLC wealth businessBy James Mitchell
- 22 Oct 2018CBA announces appointment of CFOBy Reporter
- 22 Oct 2018‘We’ve taken too long’ to fix advice problems: NABBy Adrian Flores
- 19 Oct 2018Life insurer fires 50, kills outbound sales businessBy James Mitchell
- view all