20/09/2023
AA Insurance has today announced two changes to its Board of Directors.
Chair of the AA Insurance Board, Doug McTaggart, is stepping down in December 2023 after five years of invaluable service to the business.
Andrew MacFarlane will step down from the Board in early October 2023. He remains in his executive leadership role as CFO of Suncorp New Zealand.
In December, Alison Barrass will take over as AA Insurance’s Board Chair. Alison is an experienced business leader who has operated in New Zealand, Australia, and Southeast Asia. She joined Suncorp New Zealand’s Boards in September 2022 and is currently an independent Director on the Boards of Spark, Zespri International, Babich Wines and Rockit Global.
Adam Bennett will join AA Insurance’s Board in October 2023. Adam is Suncorp’s Group Executive Technology and Operations and has more than 25 years’ experience leading customer relationship, technology and operational teams in his previous roles at Commonwealth Banking of Australia (CBA), Kearney management consulting and Ernst & Young.
AA Insurance Chief Executive Michelle James said, “On behalf of the executive team, I wish to thank Doug and Andrew for their significant contributions to AA Insurance’s success. We are fortunate to have Alison and Adam join the Board at such a transformative time for our business. Their skills and experience will be invaluable as we continue to execute our strategy and create more great experiences for our customers now and into the future.”
About AA Insurance
AA Insurance is a New Zealand-based joint venture between Vero Insurance New Zealand Limited and the New Zealand Automobile Association Limited ('NZAA'). Vero is owned by Suncorp Group Limited, a listed Australian company. NZAA is an incorporated society that is governed by a National Council and Board. Since 1994 we have provided home, contents and car insurance in New Zealand and in 2018 we introduced small business insurance.
We underwrite our own policies and sell direct to New Zealanders. Our New Zealand-based teams looks after 560,000+ customers with more than 1,100,000 policies. S&P Global Ratings has given us an Insurer Financial Strength Rating of AA- (Very Strong).
We are consistently recognised in industry awards and honours, including being voted the Reader’s Digest Most Trusted General Insurer for 16 years running (since 2011) and named Canstar's 2024-2025 Outstanding Value Car Insurance winner. We have also been recognised in the Kantar Customer Leadership Index (since 2019) and the Kantar Corporate Reputation Index (since 2015) currently ranked 3rd amongst 100 of New Zealand’s most successful companies.
Find out more at www.aainsurance.co.nz
For more information please contact:
AA Insurance Media Team