Suncorp New Zealand has recruited a former IAG New Zealand executive to the boards of its two Vero entities. The new director has a long record in intermediated and partner-led distribution, and he arrives while Vero’s premium income is going backwards.
Kevin Hughes (pictured), currently chief executive of Unity Credit Union, has been appointed an independent director of Vero Insurance New Zealand Limited and Vero Liability Insurance Limited. Suncorp NZ has not said when the appointment takes effect.
Hughes has spent more than 30 years in financial services, split between banking and general insurance. His longest insurance stint was at IAG New Zealand. He sat on the executive leadership team there for more than six years and held senior roles across the State and AMI brands and the insurer’s intermediated business. At different points he was responsible for consumer insurance and for customer and digital transformation.
Insurance Business previously reported his move from running IAG’s direct insurance business to leading its consumer division. That division sells personal cover through financial institution partnerships as well as through State, AMI and NAC.
Before IAG, Hughes wo...