EXECUTIVE TEAM

INSURANCE INDUSTRY EXPERIENCE

Michael Wilkins was appointed as Managing Director and Chief Executive Officer in May 2008 after holding the position of chief operating officer and director of IAG since November 2007. He is chairman of the IAG Diversity Working Group.

Michael has more than 25 years experience in the insurance and financial services sector and he is a director of the Australian Government's Financial Sector Advisory Council.

Michael was formerly the managing director of Promina Group Limited (from 1999 to 2007), and managing director of Tyndall Australia Limited (from 1994 to 1999). He is a former director and president of the Insurance Council of Australia and a former director of the Investment and Financial Services Association (now the Financial Services Council).

OTHER BUSINESS EXPERIENCE

He is currently a non-executive director of Maple-Brown Abbott Limited and a former non-executive director of Alinta Limited.

• IAG Finance (New Zealand) Limited (a part of the Group), since 28 May 2008.

Justin Breheny was appointed as IAG's Chief Executive Officer, Asia in March 2006 responsible for managing the Group's existing and developing business interests in Thailand, Malaysia, Singapore, China and India, and expansion into new Asian markets. He has over sixteen years experience living and working in Asia.

Prior to joining IAG, Justin held senior executive and board positions within ANZ Banking Group's Asian operations. His responsibilities during this period included the management and strategic expansion of ANZ's Asian branch network business in China, Hong Kong, Philippines, Taiwan, Vietnam, Indonesia, Singapore, Malaysia and Thailand.

He was also responsible for initiating ANZ's Asian partnership strategy through the investment in Panin Bank (Indonesia) and in 2005 completed ANZ's first large investment in China, in Tianjin City Commercial Bank.

Before joining ANZ, Justin held senior management positions in Australian-based financial services organisations including Capel Court Investment Bank, Citibank and Chase-NBA Merchant Bank.

Andy Cornish joined IAG in January 2009 as Chief Executive Officer, Direct Insurance, the business which distributes general insurance products directly to customers throughout Australia under the NRMA Insurance, SGIO, SGIC, The Buzz and RACV* brands.

Andy brings to IAG more than 30 years’ experience in the insurance industry. He previously held several managing director roles with the second largest general insurer in the UK, RBS Insurance, which is part of the Royal Bank of Scotland Group.

Prior to joining RBS Insurance in 1999, Andy was chief executive officer of motoring organisation Green Flag Group Ltd. He has also held senior management positions with Zurich Insurance and Eagle Star Insurance Co Ltd.

*Via a distribution relationship and underwriting joint venture with RACV Limited

Ian Foy was appointed Chief Executive Officer of IAG’s UK business in September 2010. He moved to the UK from IAG’s New Zealand business where he served for more than seven years, including over two years as chief executive.

Ian is an experienced insurance executive having worked extensively in the UK and New Zealand, as well as other areas of Europe and in Australia.

Prior to becoming chief executive of IAG’s New Zealand business in July 2008, Ian spent five years as head of broker business and strategy at NZI. He has also held several roles within Aviva’s insurance business, including director of business operations at NZI and managing director of CGU Bonus in the UK.

Ian began his career in the UK insurance industry, spending over a decade with General Accident, working in a range of operational and strategic roles.

Peter Harmer joined IAG in November 2010 as Chief Executive Officer, CGU. Most recently, Peter served as chief executive officer of Aon Limited UK and was a member of Aon’s global executive board, from 2007. Prior to that, he was chief executive officer of Aon’s Australian operations for seven years.

Peter brings to IAG over 30 years’ experience in the insurance industry, having started as a claims officer in 1979. Since then, he has held several senior roles in underwriting, reinsurance broking and commercial insurance broking including managing director of John C. Lloyd Reinsurance Brokers, chairman and chief executive of Aon Re and chairman of the Lloyd’s Market Reform Group. He also held claims and underwriting positions at C.E. Health Underwriting & Insurance and South British United Insurance.

Peter is a graduate of the Harvard Advanced Management Program.

Nicholas Hawkins was appointed IAG's Chief Financial Officer in July 2008. Since joining the company in 2001 he has held senior positions in the Group, most recently as chief executive officer IAG New Zealand.

He has also had several senior roles in the company including head of asset management & group strategy, responsible for $14 billion in funds under management and, prior to that, as general manager, group finance.

Before joining IAG, Nicholas was a partner with the international accounting firm KPMG, where he specialised in working with financial services clients.

Jacki Johnson was appointed Chief Executive Officer of IAG’s New Zealand business in November 2010. She is also a director of Community First Credit Union, a member of the Community First Corporate Governance Committee and vice president of the Insurance Council of New Zealand.

Since joining IAG in 2001, Jacki has held several senior positions in both direct and intermediated insurance. Most recently she was chief executive officer of the Group's first dedicated online insurance business, The Buzz. Prior to this, Jacki was chief executive officer of business partnerships, managing IAG's risk management and safety services, New South Wales and Victoria workers' compensation fee based businesses, affinity groups, motor dealers and motor manufacturers insurance distribution businesses. She has also led organisational effectiveness and group strategy functions, and managed the integration of IAG and CGU's workers' compensation business.

Jacki has more than 20 years' experience in the insurance industry and has held senior positions with Allianz Insurance, HIH Insurance and IRS Total Injury Management.

Jacki is a former director of the New South Wales WorkCover Authority and the Personal Injury Education Foundation.

Leona Murphy joined IAG's executive team in 2007 and has responsibility for the Group’s strategy and governance and risk.

Leona’s portfolio includes corporate strategy, strategic, operational and insurance risk, governance, internal audit, people and culture and enterprise information technology.

During her time at IAG, Leona has held a number of senior positions within IAG, including Group Executive Corporate Office and CEO of The Buzz.

She has 20 years’ experience in the insurance industry including seven years with Promina and Vero where she was executive general manager, strategic implementation, working with the chief executive officer on strategy execution and alignment. Within Vero, Leona held several general management roles, including strategy and new business, and national claims. Prior to joining the Promina Group, she held senior positions with HIH Insurance.