The Insurance Council of New Zealand has named former cabinet minister Kris Faafoi as its new CEO.  

Mr Faafoi will replace Tim Grafton – who called time after 11 years last September – from April 7 following a brief handover period. Mr Faafoi served as an MP from 2010 to 2022, holding several ministerial portfolios including immigration, justice, and broadcasting and media.  

“It’s been a challenging 12 months for insurers,” he said. “I’m looking forward to leading the industry through the next period, focusing on influencing for a sustainable industry and, more importantly, ensuring New Zealanders can continue to protect the things they love when disaster strikes.”  

The industry body has also announced that IAG NZ CEO Amanda Whiting will replace Toni Ferrier as President after the latter’s move to non-council member Marsh McLennan, with Farmers Mutual Group CEO Adam Heath appointed Vice-President. 

Ms Whiting says Mr Faafoi will work to build on the industry’s “already strong reputation”.   

“I’m delighted we are able to appoint someone of Kris’ calibre who has a track record of demonstrated leadership together with extensive experience and understanding of the machinery of government and the financial sector,” she said.