ClearView Wealth has announced a number of changes to its executive leadership team with the appointment of Michael New, Judilyn Beaumont and Ash Bhalerao to the executive leadership team.
Joining ClearView in June 2023, New held the position of strategic transformation program director in which he led critical technology projects, including the delivery of a single policy administration system. New is replacing Hicham Mourad as chief technology officer who officially left the company on 18 October 2024 to pursue external interests.
“With the exit of the wealth business in its final stages and a focus on the core life insurance business, ClearView has consolidated the legal, company secretarial, and risk and compliance functions,” ClearView said.
Beaumont, who joined ClearView in November 2019 as the company’s general counsel, has been promoted to lead the resulting expanded division as general counsel and chief risk officer.
Bhalerao joined ClearView in January 2014 and has held the position of appointed actuary for more than a decade. In recognition of his “commitment and valued business outcomes achieved in this time”, he has been appointed to the executive leadership team.
ClearView managing director Nadine Gooderick said this marks an important step for the company.
“As a life-only company, our business strategy and our priorities are clear, and our technology and business transformation and regulatory matters remain top priorities for us. In executing on our strategy and simplifying our business, it makes sense to consolidate our legal and risk teams,” Gooderick said.
“I am also proud that we continue to advance top talent from within. These appointments recognise the hard work and dedication of these colleagues and are a testament to our commitment to fostering the growth and development of our employees.”
In its 2023–24 financial year results, ClearView reported holding 11 per cent of the new business market and a 25 per cent increase in the group’s underlying net profit after tax, reaching $35.3 million for the year to 30 June 2024.
They also reported a 10 per cent increase on in-force premiums from the previous year, now holding 3.5 per cent of the in-force premium market share, valued at $373.9 million.
Speaking at the time, Gooderick said the firm’s ambition was to be the “best advised life insurance”, looking to capitalise on its capabilities to meet the needs of its customers and advisers in “faster, better, and smarter ways”.
