IAG has reorganised its insurance operations into personal and commercial lines, simplifying the management lines to CEO Michael Hawker.

All home, motor, niche and CTP products, including third party brands, will be grouped under Rick Jackson as CEO Australian Personal Insurances.

All commercial business, predominantly sold through intermediaries, will be sold through a new Australian Commercial Insurance division led by CEO CGU Insurance Mario Pirone. He was recently appointed to replace Bob Wagstaffe as Group Executive Intermediary Business at subsidiary company CGU.

Announcing the changes this morning, Mr Hawker said the new structure is simpler and “more suited to our expanded scope”.

The positions of Group Executive Business Partners Lou Power and Group Executive Sales & Marketing Karyn Baylis, who both answered to Mr Hawker, no longer exist under the new structure. Both executives, who Mr Hawker said have made “valuable contributions” to IAG, will leave the company.

With the departure of Mr Power and the imminent retirement of Mr Wagstaffe, there are no longer any managers in IAG’s top management structure who were at CGU prior to the 2003 merger.

Ms Baylis was one of Mr Hawker’s first appointments to IAG. Prior to joining the group in February 2002 – just three months after Mr Hawker – she was Senior Vice-President and GM for the Americas at Qantas.

Other changes include:

Asset Management – previously a responsibility of Mr Pirone, will be moved to the office of the CFO George Venardos.

Doug Pearce, Group Executive Personal Injury, will take a new role as Group Manager Insurance Strategy, a position Mr Hawker described as influencing the development of long-tail schemes in Australia.