Ivory Insurance has appointed David Hosking as chief executive.

Mr Hosking, most recently PSC Australia and New Zealand CEO, takes over from acting chief Michael Tuffy, who has resigned after three years with the business.

Mr Hosking left PSC last month after the Melbourne-based broking group was acquired by the UK’s Ardonagh. Before joining PSC in 2021, he was Allianz chief GM of broker and agency.

“David brings excellent leadership, communication, strategic planning skills and commercial acumen to the role,” Ivory chair Gregor Pfitzer said. “We are delighted that David joins in these exciting and formative years of the company.”

Ivory was granted a licence to operate as a general insurer in December last year. It offers capacity to underwriting agency partners for professional indemnity, IT liability and general liability products.

Mr Hosking, who joins on Monday, says Ivory’s “unique vision to deliver affordable and stable insurance capacity for underwriting agencies, using an award-winning claims model, really resonates.

“I look forward to working with the board and the team at Ivory in helping our agency partners grow their businesses.”

Mr Tuffy, who played an integral role in Ivory’s application for the Australian Prudential Regulation Authority licence, will remain involved in an advisory capacity in the short term.

“I am grateful for the opportunity that was given to me over the last three years,” he said. “I have thoroughly enjoyed working with the Ivory board and building the Ivory team. 

“A warm welcome to David as the incoming CEO. He has the perfect skill set and experience to take Ivory to the next stage of growth and achieve the success it richly deserves.”