The general insurance company has announced the replacement for outgoing CRO David Watts.
Insurance Australia Group (IAG) has confirmed that Peter Taylor will join as group CRO in mid-2022, moving from Westpac where he worked as general manager, enterprise risk.
Prior to his time at Westpac, Mr Taylor spent 11 years in risk-specific roles including Commonwealth Bank as its EGM and chief operational risk officer.
“Peter has more than 30 years of corporate experience including several enterprise risk roles with large financial services companies, with 10 years working with regulators, boards and management,” IAG managing director and CEO Nick Hawkins said of the appointment.
“The combination of his skills with his passion for risk means he is extremely well equipped to take on this hugely important role for IAG.”
With Mr Watts set to leave IAG on 11 February 2022, chief insurance and strategy officer Tim Plant will serve as acting group CRO until Mr Taylor’s arrival.
Meanwhile, Craig Olsen – IAG’s group executive strategic projects – has also announced he will depart the company on 28 February.
“I am grateful for the significant contribution both David and Craig have made to IAG and the personal support they have provided to me,” Mr Hawkins said.
“I wish them both well as they embark on the next stages of their careers.”