IAG promotes CEO

IAG has promoted Nick Hawkins to the role of managing director and chief executive officer. He will replace Peter Harmer, whose retirement was announced earlier this year.

Hawkins first joined IAG in 2001 as head of group finance. He's been promoted several times, serving as CFO for more than 12 years, and was appointed deputy CEO in April.

"Nick has a deep understanding of both global and domestic general insurance along with operational and financial experience," said IAG chair Elizabeth Bryan.

Before joining IAG, Hawkins was a partner and manager at KPMG, holding roles in London, Perth, and Sydney.

"I am excited to lead IAG during its next phase of growth and ensure the company emerges from the economic downturn as a strong, resilient organisation," said Hawkins. "Insurance plays a fundamental role in our society and I'm proud to work for and lead a company that is truly purpose-led and customer-focused.

"I look forward to working with our people and our partners to continue to grow IAG and build on our work to meet the evolving needs of our customers and their communities," said Hawkins.

He will commence in the role in November.