Former CGU executive Warren Hutcheon is the new CEO of the Victorian Managed Insurance Authority (VMIA).

The former Director of Strategic Initiatives at CGU will start at the state insurer this week.

VMIA has been rocked by claims of a bullying culture in the past few years. Chairman Robert Ray quit in May and former VMIA CEO Steve Marshall resigned in July.

A statement on the VMIA website says the agency “is committed to undertaking a significant change management program focusing on improved workplace behaviour and creating a values-based culture”.

Mr Hutcheon has been “involved in several mergers involving quite different business cultures, giving him a strong insight into culture and change,” the statement said.

VMIA provides insurance for a wide range of Victorian government departments, agencies and statutory bodies, as well as the building industry and medical facilities.

Its portfolio covers $120 billion in state assets and records annual net premium revenue of $181 million. It has $1.8 billion in investments but posted a $ 41.51 million deficit for the 2010/11 financial year.