AAMI CEO Brian Keane will retire from the company on July 1. His replacement will be the present COO, Robert Belleville.

Mr Keane became CEO in 1984, and has grown AAMI into a dominant feature of the local insurance market. He has been acknowledged over the past decade as a leader in consumer consciousness among insurers.

AAMI’s premium income for this year is expected to exceed $1 billion for the first time. Mr Keane will continue to be involved in a number of international assignments with AAMI’s parent company Royal & SunAlliance.