AUB Group says former IAG CEO Peter Harmer has been appointed Non-Executive Director as Ray Carless retires from the board at the end of August.

Mr Harmer will stand for election when the annual general meeting takes place in November, in accordance with the company’s constitution, AUB said in a statement.

“[He] is an experienced executive and non-executive director with over 40 years’ experience in the insurance industry,” Chairman David Clarke said.

“His strong background in customer service, innovation, regulatory and governance will ensure that these critical skills are both maintained and strengthened on the board.”

Nib Holdings says the former IAG boss has also joined its board, taking up the position of Independent Non-Executive Director.

Nib says Mr Harmer will serve on the board as an additional director and will stand for election at the 2021 annual general meeting in November.

Mr Harmer left IAG last November, five years after he took on the CEO role in 2015.

Nib Chairman Steve Crane steps down on Thursday and will be succeeded by Independent Non-Executive Director David Gordon.