Zurich Welcomes Fresh Leadership in Risk Management for ANZ Region

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

In a dynamic move, Zurich Financial Services Australia has named David Wainwright as the new Chief Risk Officer for the Australia and New Zealand region.

This follows the retirement announcement of the current CRO, Jaimie Sach, a veteran with a distinguished 30-year career in the wealth management sector.

Wainwright's appointment signifies a strategic shift aimed at bolstering Zurich's risk management operations amid an evolving financial landscape. He transitions from Zurich's life insurance division in the United Kingdom, where he likewise served as Chief Risk Officer. His expansive expertise, honed through 25 years in financial services, positions Wainwright as a key asset for Zurich ANZ.

Justin Delaney, Zurich's Chief Executive, lauded Wainwright's arrival, stating, "Mr. Wainwright's international experience and strong technical and leadership skills will further strengthen our local risk management framework. We are eager to integrate his vision and expertise into our leadership team next year."

Wainwright's career is marked by prominent roles not only within Zurich UK but also at Nomura Securities, Halifax Bank of Scotland (HBOS), and HSBC Global Banking and Markets. This broad spectrum of experience underlines his ability to navigate and mitigate risk in complex financial environments.

Set to commence his new role on January 6, 2025, Wainwright will be relocating to Sydney, and will report directly to Sid Medappa, the Regional Head of Risk for the Asia Pacific (APAC) division at Zurich.

Expressing his enthusiasm for the forthcoming transition, Wainwright remarked, "I am thrilled to join the Zurich team in Australia and am dedicated to advancing our robust risk management capabilities."

As the legacy bearer of a rich 30-year career, Jaimie Sach has been steering Zurich's risk management since 2019. His departure marks the end of an illustrious chapter, paving the way for Wainwright to inject new perspectives and strategies into the ANZ regional risk operations.

This announcement underscores Zurich’s commitment to fortifying its risk management strategies in an environment increasingly characterized by financial complexities. Wainwright's appointment opens a new page in securing Zurich ANZ’s resilience and proactive risk management approach.

The source of this adaptation is an original article published by Newswire on Zurich's executive appointment.

Published:Thursday, 5th Sep 2024
Author: Paige Estritori

Please Note: We do not endorse any specific products or companies. Some content is sourced from third parties, including press releases, and may not be independently verified for accuracy or completeness.

Share this news item:

Insurance News

APRA's Updated Reinsurance Framework: What Insurers Need to Know

14 May 2026: Paige Estritori

The Australian Prudential Regulation Authority (APRA) has recently refined its reinsurance framework to facilitate insurers' access to alternative reinsurance arrangements, including insurance-linked securities (ILS) and catastrophe bonds. This initiative aims to balance the need for flexibility in reinsurance options with the imperative of protecting policyholders. - read more

APRA's New Capital Treatment for Longevity Products: Implications for Insurers

14 May 2026: Paige Estritori

The Australian Prudential Regulation Authority (APRA) has finalised amendments to its prudential standards concerning the capital treatment of longevity products, including annuities. These reforms are designed to bolster the market for retirement income solutions by aligning capital requirements more closely with the long-term nature of these products. - read more

The Rising Cost of Regulatory Compliance in Australia's Insurance Sector

14 May 2026: Paige Estritori

Australia's general insurers are raising concerns about the escalating costs associated with regulatory compliance, which they estimate to be up to $3.5 billion annually. This substantial financial burden is reportedly contributing to higher premiums and affecting the industry's productivity. - read more

Comprehensive 2025 Life Insurance Data Released by APRA and ASIC

14 May 2026: Paige Estritori

The Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC) have jointly released the Life Insurance Claims and Disputes Statistics for the year ending December 31, 2025. This publication provides a detailed analysis of the performance of the Australian life insurance industry, offering valuable insights for policyholders and industry stakeholders alike. - read more

Click for more Insurance News

Business Insurance Articles

Critical Risk Management Strategies for Every Australian Tradesman

Welcome to the crucial world of risk management for Australian tradesmen. Whether you're a seasoned professional or just starting, understanding and mitigating the inherent risks in the trades industry is paramount to both the safety and sustainability of your business. This article intends to guide you through the world of risk management, emphasizing the pivotal role of liability insurance. - read more

Professional Indemnity vs Public Liability: What's the Best Choice for Your Small Business?

As a small business owner, understanding the intricacies of liability insurance is pivotal to safeguarding the fruit of your hard work. Insurances such as professional indemnity and public liability are not just safety nets; they are vital components that can mean the difference between bouncing back and closing down following unforeseen legal hurdles. - read more

Understanding Liability Insurance: A Must-Read for Australian Small Business Owners

Liability insurance is a form of insurance designed to offer protection against claims resulting from injuries and damage to people or property. It covers legal costs and any payouts for which the insured party would be responsible if found legally liable. Intended to protect against claims resulting from injuries and damage to other people or property, liability insurance is critical for small businesses as it shields them from potentially crippling legal expenses. - read more

The Impact of Environmental Liability on Australian Business Operations

In today's ever-evolving business landscape, the significance of environmental sustainability and legal accountability is increasingly paramount. Australian enterprises, in particular, are encountering a growing need to understand and manage environmental liability. This reality not only influences corporate image but also carries substantial financial and legal ramifications. - read more

Start Here !

Knowledgebase

Term Life Insurance:
A form of life insurance that is a pure protection policy with no cash or maturity value which lasts for a specific length of time, called a term.

This website is owned and operated by Clark Family Pty Ltd (ACN 010 281 008) as Trustee for the Clark Family Trust (ABN 35 957 893 714), 43 Larch Street Tallebudgera QLD 4228. Clark Family Pty Ltd is an Authorised Representative (AR 1298860) of Unique Group Broker Services Pty Ltd (AFSL 509434) for financial product referrals and an Authorised Credit Representative (ACR 401491) of Saccasan Pty Ltd (ACL 386297). Check our licensing details on the ASIC registers: Clark Family Pty Ltd ACR, Clark Family Pty Ltd AR, Saccasan Pty Ltd, Unique Group Broker Services.

IMPORTANT: We act solely as an introducer and refer enquiries to licensed third-party brokers, insurers, and lenders. We do not provide financial product advice or credit assistance. We may receive a fee or commission from these third parties in consideration for the referral. Before any action is taken to obtain a product or service referred to by this website, advice should be obtained (from either the third party to whom we refer you or from another qualified intermediary) as to the appropriateness of obtaining those products having regard to your objectives, financial situation and needs. Whilst we have our own process for validating the legitimacy of our referral partners, you should independently verify the credentials and licensing of any adviser or provider you engage. Visit the ASIC website for further information.