The insurance industry is well represented on the Federal Government’s Financial Sector Advisory Council following the re-appointment of several members last week.

Federal Treasurer Peter Costello welcomed some new members but also re-appointed IAG CEO Michael Hawker. The council also includes Axa UK director Les Owen, formerly CEO of Axa Asia-Pacific.

Members are appointed for two years in a personal capacity based on their continued direct involvement in the financial sector.

The council brings together a range of financial market participants to offer advice to the Government on policies that facilitate a strong and competitive financial sector.