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Showing 1 - 10 of 47 results for "Geoff Summerhayes"

Zurich wins group insurance mandate

KARREN VERGARA  |  TUESDAY, 14 FEB 2023
... Suncorp super business, Brighter Super noted. Also announcing changes to its board, Zurich named former APRA chair Geoff Summerhayes as chair. Noel Condon and Mary Waldron were appointed independent non-executive directors, while Nicolette Rubinsztein ...

Summerhayes named Zurich chair

CHLOE WALKER  |  MONDAY, 30 JAN 2023
Former APRA chair Geoff Summerhayes has been appointed as chair of Zurich Financial Services Australia (Zurich). Summerhayes boasts an impressive track record in financial services as former executive board member of APRA and as chief executive of Suncorp ...

Suncorp agrees to super class action settlement

JAMIE WILLIAMSON  |  TUESDAY, 26 JUL 2022
... balances. The defendants in the matter are the trustee Suncorp Portfolio Services and two former directors, Geoff Summerhayes and Sean Carroll, who were accused of breaching their duties. To settle the matter, Suncorp has agreed to pay $33 million inclusive ...

Former APRA executive joins Zurich

CHLOE WALKER  |  THURSDAY, 3 FEB 2022
Zurich has appointed former APRA executive board member Geoff Summerhayes to its suite of boards. A former financial services chief executive, director and APRA executive board member, Summerhayes joins five of Zurich's main APRA-regulated boards as ...

APRA appoints investment risk lead from TCorp

KARREN VERGARA  |  FRIDAY, 22 OCT 2021
... officer of PwC in the UK and subsequently PwC's global regulatory policy and engagement leader. She replaced Geoff Summerhayes, who finished his five-year term as a member on 31 December 2020.

Super funds to answer to new APRA enforcer

ELIZA BAVIN  |  FRIDAY, 19 MAR 2021
... insurance industry," he said. Cole will take up her new role on 1 July 2021 for a five-year term, replacing Geoff Summerhayes whose five-year term expired on 31 December 2020.

APRA resumes life insurance intervention

ELIZABETH MCARTHUR  |  WEDNESDAY, 30 SEP 2020
... happen if life companies continue to haemorrhage money through the sale of IDII," APRA executive board member Geoff Summerhayes said. "Our assessment is that the pandemic may further exacerbate the problems with this product, so decisive action can no ...

Calls for disability insurance reform

ELIZA BAVIN  |  MONDAY, 10 FEB 2020
... around $3.4 billion over the past five years through the sale of DII to individuals. APRA executive board member Geoff Summerhayes, at the time, said life companies had kept premiums at unsustainably low levels and policy features were too generous.

Climate risk should be integral to business: Report

ELIZA BAVIN  |  THURSDAY, 6 FEB 2020
... consistency, reliability, comparability and timeliness. APRA welcomed the new guide with executive board member Geoff Summerhayes labeling it as a valuable took that will support ASX listed entities, and others, in their management and public disclosure ...

Life insurers lost $3.4b over five years: APRA

ELIZA BAVIN  |  TUESDAY, 3 DEC 2019
... major reinsurer indicating it was no longer prepared to reinsure individual DII, APRA executive board member Geoff Summerhayes said there is now a genuine risk insurers may start withdrawing from the market. "Disability income insurance plays a vital ...
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