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Cunningham Lindsey shake-up brings shock CEO exit

Asia-Pacific CEO Damon Bennett will leave Cunningham Lindsey, despite having been confirmed in the position just weeks ago.

As previously reported by insuranceNEWS.com.au, the Cunningham Lindsey name is to disappear from Australia following the loss adjuster’s acquisition by US-based claims manager Sedgwick late last year.

In late June Sedgwick said Mr Bennett would remain as Asia-Pacific CEO, taking responsibility for Australia, New Zealand and nine Asian countries, while Diego Ascani would continue as COO.

However, sources say Mr Bennett’s exit was confirmed to staff on Thursday.

The sources say Sedgwick is working on a restructure that would see separate CEOs appointed for Australia, New Zealand and Singapore. Mr Ascani is understood to be taking over as Australia CEO.

The company’s US-based communications team did not respond to requests from insuranceNEWS.com.au for comment.

Mr Bennett, who joined Cunningham Lindsey in 2002 and was made Asia-Pacific CEO in 2014, told insuranceNEWS.com.au he cannot comment at this stage.