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Dransfield pledges to 'embrace reform' as ICA President

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Incoming Insurance Council of Australia (ICA) President Gary Dransfield says he’s honoured to take up the role during a “critical time for our industry”.

ICA’s board last week appointed Suncorp Insurance CEO Mr Dransfield as President and Chairman of the Board.

His appointment is effective from January 1 for a two-year term, replacing current President and Chairman Richard Enthoven. GM Insurance at BT Financial Group Sue Houghton was appointed Deputy President.

Mr Dransfield says the industry “must embrace the Government’s reform agenda and focus on delivering good customer outcomes, including implementing our new General Insurance Code of Practice”.

ICA CEO Rob Whelan says Mr Enthoven helped steer the industry through many challenges, including the financial services royal commission, “and he also achieved his three key objectives as president”.

These were to implement a new industry code of practice; initiate a climate change action plan; and increase board diversity. “His contributions will continue as a director.”

Mr Whelan says Mr Dransfield is a “highly regarded industry leader with strong insights into the industry and consumers”.

ICA also appointed Natasha Fenech, CEO Medical Indemnity and Deputy Group CEO of Avant Mutual, as director. It accepted the resignation of outgoing Genworth Australia CEO Georgette Nicholas.

The board also ratified the membership application of Nib Travel Pty Ltd, bringing the number of member companies to 57.