The Hollard Insurance Company says personal lines chief Paul Fahey will take over from CEO Richard Enthoven, who is stepping down to focus on his role as MD of Hollard Holdings Australia, the group’s holding company.

Mr Fahey will report to Mr Enthoven and the Hollard board, with the transition process expected to be complete by July 1, the business says today in a statement.

The executive changes will allow Mr Enthoven to concentrate on the strategic vision for the holding company.

“Hollard has grown exponentially over the last few years, from a challenger brand to a leading Australian insurer,” Mr Enthoven said.

“I believe I can best contribute to our future success by focusing on our holding company strategy, our major strategic imperatives and key partners.

“The timing is right for a new leader to guide Hollard through the coming years of profitable growth, investments in customer experience and ongoing commitment to good risk and governance outcomes.”

He says Mr Fahey, who joined the business in 2016, is “perfectly placed” to lead Hollard, having excelled as Personal Lines CEO in the last few years.

“As CEO of our Personal Lines business, [he] has consistently demonstrated his talent for leading others with humility, disciplined execution, and focus on good outcomes for customers and partners,” Mr Enthoven said.

“After working together closely for the past five years, [he] is perfectly placed to succeed me as Hollard CEO.”

In other key executive appointments, Hollard CFO Ellie Comerford will take up a new role as Senior Strategic Advisor, joining Mr Enthoven in his new position.

KPMG Partner Ian Moyser, who has worked with leading Australian general insurers, has been recruited as Hollard's new CFO.

Mr Enthoven and Ms Comerford will continue as board directors of Hollard and the holding company. Mr Enthoven will also retain his role as PetSure Australia Chairman and Chairman of Ando, a New Zealand underwriting agency in which Hollard has a shareholding.