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Day’s departure marks another short ICA presidency

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The two-year presidency of the Insurance Council of Australia (ICA) has become a revolving door with the departure of Anthony Day from Suncorp.

As revealed in a Breaking News last week, Mr Day has stepped down as CEO Insurance and will leave Suncorp. This means he will relinquish the ICA presidency without completing his term – the fourth senior industry executive in the past 16 months to do so.

And if acting presidents are added to the list, the total becomes six.

An ICA spokesman told Deputy President and Hollard Australia CEO Richard Enthoven will take on the presidency from Mr Day in an acting capacity until the board meets next month.

Mr Day was appointed in March for a two-year term, replacing Allianz Australia MD Niran Peiris, who had replaced QBE’s Colin Fagen.

Mr Fagen started as president in January, but left the position a month later following his sudden departure from QBE.

Mr Peiris then took over in an acting capacity, but stepped down after announcing he will relocate to Germany at the end of this year.

In July last year IAG COO Mark Milliner – now CEO of the group’s new Australian Division – became ICA President to complete the two-year term of IAG representative Andy Cornish, who left IAG.

Mr Milliner, who continues to represent IAG on the ICA board – previously served as president from 2012 to 2015, after joining the board in 2009. At that time he represented Suncorp.