Hibernian group deputy chief executive Stuart Purdy today announced the appointment of Dermot Browne to the position of managing director of Hibernian Life & Pensions.
Hibernian group deputy chief executive Stuart Purdy today announced the appointment of Dermot Browne to the position of managing director of Hibernian Life & Pensions. Dermot will lead the Hibernian Life and Ark Life businesses.
Dermot Browne is joining from Eagle Star Life Assurance Company where he most recently held the position of director of sales, marketing and information technology. He is a Fellow of the Institute of Chartered Accountants and began his career with KPMG (SKC). Following four years with Eircom (Telecom Eireann) as financial accountant, Dermot joined Eagle Star in 1990. He held a variety of roles within the company including, group financial controller and director of finance and information technology prior to taking responsibility for distribution in 2002.
Stuart Purdy, commenting on the announcement, said: “Dermot has an impressive track record and has demonstrated a strong strategic understanding of commercial issues. Dermot’s experience in the areas of business and product development together with the strong relationships he has built in the broker market will stand him in good stead as he leads the Hibernian life businesses towards strong market growth. We very much look forward to having Dermot on-board.”
Dermot Browne said: “This is an immensely exciting time to join Hibernian, just one year into the joint venture with AIB and at a time of great opportunity for the life businesses. My main focus will be on maintaining and building relationships with our brokers, AIB and other business partners to realise Hibernian’s ambition to become the leading provider of life and pensions products in the Irish market. I feel confident we have the team in place that will deliver market leading, innovative products and services that will make Hibernian the natural choice for both consumers and our business partners.”
Dermot Browne takes up his new position early in 2007.
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Press Contact:
Kela O’Riordan 01-617 8164 or 086-6068842
Notes to editors:
- Hibernian Life & Pensions and Ark Life Assurance Company Limited are subsidiaries of Hibernian Life Holdings, a joint venture company between Hibernian group plc and Allied Irish Banks plc for the provision of life and pensions services in Ireland.
- Hibernian group is Ireland’s largest composite insurer, ranked first for general insurance and top three for life and pensions.
- Hibernian group is a subsidiary of Aviva plc, the world’s fifth-largest insurance group and the UK’s largest insurance services provider (based on gross worldwide premiums at 31 December 2005), and is one of the leading providers of life and pension products to Europe, with substantial positions in other markets around the world. Aviva employs 58,000 staff worldwide.
- Aviva’s principal business activities are long-term savings, fund management and general insurance, with worldwide total sales of Ł35 billion and assets under management of Ł317 billion at 31 December 2005
- Hibernian news releases are also available on www.hibernian.ie