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:

EBOS announces appointment of new Chief Financial Officer
AM Best affirms Tower Limited's A- (Excellent) FSR
MCK enters into conditional agreement for Whangarei land
April 26th Morning Report
SPG - Change to Executive Team
BGI - Forgiveness of $200,000 of secured indebtedness
General Capital Subsidiary General Finance Market Update
AFT,Massey Ventures,Gilles McIndoe to develop scar treatmen
April 24th Morning Report
Cheers to many fewer grape harvest spills