National Insurance Brokers Association (NIBA) CEO Dallas Booth will retire from the role “later this year” after more than a decade.

NIBA President Dianne Phelan says the search for a successor has started, but Mr Booth will “remain available” to assist with the upcoming review of broker remuneration, due for completion in 2022.

“The board will continue to utilise Dallas’ support and expertise on this and any other projects where his support is likely to be needed,” Ms Phelan said.

“The board has been extremely lucky to have had Dallas as our CEO and we thank him for his dedication to representing and acting in the best interest of our members.”

Mr Booth told insuranceNEWS.com.au today that the intention is to have a new CEO in place by November, but that the timeline “is flexible if needed”.

“This is not something that is being rushed and we are making sure that the members will be well-served throughout this process.

“There are still some important projects, and I have committed to help with those projects.”

Mr Booth says he wants to continue working, but stepping back from the CEO role will enable him to “slow down” and spend more time with family.

Prior to his current role Mr Booth spent more than four years as CEO of the Asbestos Injuries Compensation Fund, and from 1998 to 2006 he worked at the Insurance Council of Australia, as GM Statutory Classes and Deputy CEO.

He says he remains committed to promoting the value of insurance, and is taking a particular interest in the Australian Law Reform Commission review of financial services legislation.

“It is so important that the insurance process works for the benefit of the community,” he said.