Hibernian group chief executive Stuart Purdy today announced the appointment of Michael Murphy to the position of group finance director of Hibernian. Michael takes over the role vacated by the appointment of Jackie Hunt as finance director of Norwich Union.
Hibernian group chief executive Stuart Purdy today announced the appointment of Michael Murphy to the position of group finance director of Hibernian. Michael takes over the role vacated by the appointment of Jackie Hunt as finance director of Norwich Union.
Michael joins Hibernian from Canada Life where he held the role of finance director and chief actuary for Canada Life Ireland and Canada Life Europe. Prior to this he spent 10 years with Watson Wyatt, commencing his career with them in the UK where he primarily worked in the areas of capital management and mergers and acquisitions.
Michael returned to Ireland in 2000 to establish Watson Wyatt’s Irish Insurance and Financial Services consulting business. This grew to become one of the leading insurance consulting businesses in Ireland. In 2003 Michael took on global responsibility for the business development, sales and marketing of Watson Wyatt’s Actuarial Modelling Software, VIP.
Michael worked with Lifetime Assurance until 1995, where he trained as an actuary. He is a fellow of the Institute of Actuaries and Society of Actuaries in Ireland.
Stuart Purdy, commenting on the announcement, said: "Michael has an excellent track record with very strong commercial ability. His strategic understanding and business acumen will prove strong assets as he works to deliver Hibernian Group’s finance agenda. We very much look forward to having Michael on-board."
Michael Murphy said: "My main focus will be on working with the company’s excellent management team to maintain the strong performance of Hibernian Group. With a market leading General Insurance operation and the continued growth of its life businesses through the integration of Hibernian Life & Pensions and Ark Life, I am very much looking forward to leading the finance teams to strengthen Hibernian’s place as the leading insurer in Ireland."
Michael takes up his position in April.
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Press Contact:
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Notes to editors:
- 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
- The product information above is for press release purposes only, full details are contained in the product literature available from Hibernian
- Hibernian news releases are also available on www.hibernian.ie