AIG New Zealand appoints new chair

AIG Insurance New Zealand appointed Mary-Jane Daly as chair of its board of directors, replacing Craig Stobo, who retires from the position after more than 10 years.

Daly has a strong background in insurance, banking and finance, working across a number of roles in New Zealand and the United Kingdom, including spells at State Insurance, IAG, and Fonterra.

Upon the announcement, Daly retired as chair of the Earthquake Commission, a position she had held since 2020, serving on the Board since 2014.

Daly is also an independent director of Fonterra Shareholders Fund, Kiwibank Limited and Kiwi Property Group Limited.

Previous governance roles include Auckland Transport, Cigna Life Insurance, Onepath Life and Airways Corporation.

AIG New Zealand CEO, Toni Ferrier said: “MJ brings a wealth of experience that will benefit the business as we continue to target profitable growth with a modernised business model and focus on providing excellence in customer service.”

“We also bid farewell to departing chair, Craig Stobo, who has supported the business through significant change over the past 10 years. We are grateful for his tenure and wish him well for the future.”