The Board of the Insurance Council of Australia (ICA) has announced Steve Johnston, Suncorp Chief Executive Officer and Managing Director, as Chair of the ICA Board.
Steve joined the ICA Board as a Director in August 2021 and will begin his term as Chair on 1 January 2025.
He succeeds Nick Hawkins, IAG Managing Director and CEO, who has served as President of the ICA Board for the past two years.
The Board chose to rename its head from president to chair at its most recent meeting in line with contemporary practice.
Quote attributable to outgoing ICA President Nick Hawkins:
I wish to thank the Board of the Insurance Council of Australia for their support during my tenure as President.
Over the past two years, the insurance industry and its customers have faced many challenges, including Australia's costliest floods. Over this time, the industry has worked hard to adapt and improve, to ensure our customers communities across Australia remain resilient and have the support they need.
I am certain that the Board is in capable hands with Steve leading the way in 2025, and I congratulate him on the appointment as Chair.
Quote attributable to incoming ICA Chair Steve Johnston:
I would like to express my appreciation to Nick Hawkins for his leadership, dedication and hard work over the past two years as President of the ICA Board.
Moving forward, I am confident that, alongside my fellow board members, ICA CEO Andrew Hall and the ICA team, we can continue to build strong partnerships with governments, communities, and regulators to address the protection gap and ensure the strength and sustainability of our sector for the benefit of our customers and the community.
