QBE Lenders’ Mortgage Insurance (LMI) CEO Jenny Boddington has moved into a strategic position as Global Head of Bancassurance.

She will work alongside Australia and New Zealand CEO Colin Fagen when he becomes Group Chief Strategy Officer on August 18.

Head of Strategy and Distribution for Financial Institutions Phil White replaces Ms Boddington as CEO of LMI.

As previously reported by insuranceNEWS.com.au, Mr Fagen will be replaced by the head of QBE’s corporate partners and direct business Tim Plant.