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Gary Dransfield, Chief Executive Insurance, Suncorp

technical background Group Chief Executive Last year Dransfield narrowly missed being included in our Top 20. At that time he was still Michael Cameron was obviously looking for when he sprung his surprise management putting together a new division as chief execureshuffle in October. tive customer platforms as Suncorp made its Suncorp is still adjusting to its new strucfirst moves to a new interdependent customerture and market direction, so Dransfield has to focused structure. continue the day-to-day work started by predeEarlier this year he became Chief Executive cessor Day in a highly competitive insurance Insurance, replacing Anthony Day. Dransfield market while overseeing internal integration of has the experience to hustle along the group’s the Marketplace strategy. Data, forward-looking challenging and time-sensitive Marketplace analytics that spur product innovation and new strategy. Having worked in a series of transforways to market products will keep this enthusimation roles within IAG, St George Bank and astic performer on his toes. Suncorp over the past 25 years, he has the

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James Shipton, Chairman, Australian Securities and Investments Commission

Taking over the chairmanship of Australia’s busicomfortably reactive culture to one where it ness regulator in February following Greg grows teeth and uses them. The Government is Medcraft’s departure, Shipton is a bit of an talking tough about promoting confidence in unknown quantity. Formerly the executive Australia's financial system and protecting condirector of studies in international finance syssumer interests. tems at Harvard Law School, he has also served Whether that includes giving the regulator as a commissioner at the Hong Kong Securities the money to use those teeth remains to be and Futures Commission. The organisation he’s seen, however. Shipton has the knowledge and taking over has a close and sensitive relationship experience, but we’ll have to wait and see how with the insurance industry. he manages the politicians and the rapidly What we do know is that there’s a move by developing, technology-driven insurance the Government to shift ASIC away from its environment.

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Pat Regan, incoming Group Chief Executive, QBE

QBE is Australia’s only truly global insurer, Taking over from John Neal on January 1, Regan and it has always played a big part in the local has impressed since moving from the group industry’s development and issues-managechief financial officer function and has gained ment. some shop-floor experience fixing up glitches in Regan was poached from UK insurer Aviva the Australia and New Zealand Operations. in 2015 for a reputed $8.5 million sign-on While much of his focus will now be on the bonus, and his accession to the top job has group’s global empire, as it has been with Neal, been relatively swift and assured, as Insurance Regan has a clear idea of the sort of person he News predicted. The investment community is needs for the key local role, and is casting a his immediate challenge, but QBE’s unique wide net to find that person. Making that place in the local industry means he’ll be at the choice, rather than inheriting an incumbent, is forefront. a big advantage.

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Vivek Bhatia, Chief Executive and Managing Director, Insurance & Care NSW

business when Bhatia took roles in-house. But An insurance professional with an eye for doing things differently, Bhatia is forging new paths for there’s no resisting the strategy put in place by this former McKinsey restructuring and busistatutory insurance in New South Wales that are ness transformation expert. doubtless being closely watched across Australia. With a $30 billion asset base, he could well Insurance & Care, better known simply as transform the way Australia’s state and territory icare, was formed by joining together NSW’s governments look at their own statutory insurstatutory schemes and shifting the emphasis ance operations. Which could be bad news for from adherence to strict procedures to a new the insurance industry, which is seeing its era based on clients’ needs. recent campaigns for a greater role in statutory His moves haven’t been particularly welbusiness start to fizzle. comed by insurers, some of which lost valued insuranceNEWS

December 2017/January 2018

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Profile for Insurance News (the magazine)

DEC/JAN 2017/18 - Insurance News (the magazine)  

When your products are so similar to your competitors’, how do you “sell” insurance in a TV ad? The December/January edition of Insurance Ne...

DEC/JAN 2017/18 - Insurance News (the magazine)  

When your products are so similar to your competitors’, how do you “sell” insurance in a TV ad? The December/January edition of Insurance Ne...