IAG names Matthew Cody as general manager of AMI

AMI Insurance has named Matthew Cody as general manager following its acquisition by Insurance Australia Group.

Cody is currently AMI's executive manager information support. He will take up the new role on July 1.

IAG agreed to buy AMI for $380 million in December after the Canterbury earthquakes drained AMI's reserves and drove up reinsurance costs, leading to a government bailout.

Some, 18 percent of AMI’s exposure was in the Christchurch market, despite only 9 percent of the country’s population living there. Christchurch had not been previously considered high risk for earthquakes, compared with other parts of New Zealand.

BusinessDesk.co.nz

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

Deposit scheme reduces risk, boosts trust - General Finance
May 12th Morning Report
PFI - Q3 Div & Upgraded FY25 Div Guidance, FY26 Div Guidance
AIA - Auckland Airport announces leadership team change
May 9th Morning Report
May 8th Morning Report
NZME Takeovers Panel determination
MNW - Commerce Commission clears the Contact Energy acquisition
May 7th Morning Report
General Capital Appoints New CFO