Ivory Insurance has appointed David Hosking as CEO, effective from December 2, the Australian insurer announced in a media release. He succeeds Michael Tuffy, who is retiring from the role and will serve in an advisory role as part of the transition.
Hosking brings 30 years of experience in various disciplines of general insurance. He most recently served as CEO of PSC Australia and New Zealand and his previous roles include CFO and Chief General Manager of the broker and agency division of Allianz Australia.
Ivory received authorisation from the Australian Prudential Regulation Authority (APRA) to commence general insurance underwriting operations in December last year.
Hosking said he was excited to join the business, whose vision is to deliver affordable and stable insurance capacity for managing general agents (MGAs).
“David brings excellent leadership, communication, strategic planning skills and commercial acumen to the role”, Ivory chair Gregor Pfitzer said, “We are delighted that David joins in these exciting and formative years of the company.”
Tuffy had served with Ivory Insurance for three years, taking up crucial roles as Chief Financial Officer and acting CEO for the company. Speaking on Hosking’s appointment, he shared, “A warm welcome to David as the incoming CEO, he has the perfect skills set and experience to take Ivory to the next stage of growth and achieve the success it richly deserves.”
