CGU National Underwriting Manager Professional Risks Jun Acance is leaving the insurer to start his own business.

Mr Acance has been with CGU for more than 26 years.

IAG Commercial Insurance EGM Broker Business Donna Walker says he has played an important role leading the professional risks underwriting team and positioning CGU as a market leader in professional indemnity cover. 

“While we are sad to see Jun leave, this is an exciting move for him and we are exploring possibilities with Jun about how we might support him in his new venture,” Ms Walker told insuranceNEWS.com.au. “Jun is an admired leader and we wish him every success in his future plans.”

She says CGU is “working through the appointment of his replacement”.

Mr Acance says he is bound by a confidentiality agreement and cannot reveal details of his new business.