National Insurance Brokers Association (NIBA) CEO Dallas Booth will retire from the role later this year – but will continue to assist with major projects such as the upcoming review of broker remuneration.

NIBA President Dianne Phelan says the search for a successor has started, after Mr Booth announced his pending departure from a role he has held for more than a decade.

“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,” Ms Phelan said.

Mr Booth says 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.