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Insurance Australia Group has parted ways with its group general counsel, with the ASX-listed company stating its top lawyer’s behaviour had “fallen short” of its ethics and conduct expectations.
On Wednesday, 6 December, Insurance Australia Group posted a market announcement detailing that Peter Horton, its group general counsel and company secretary, is leaving the company and will cease as company secretary, effective immediately.
“This includes the importance of being inclusive and respectful, and we will hold people to account if they fail to meet these expectations,” Mr Hawkins submitted.
Mr Horton was appointed as IAG’s group general counsel back in late 2019, having formerly served as executive manager of legal, governance and risk at TransGrid.
Prior to this, he was the group GC and company secretary at both QBE Insurance and Woolworths. He is also a non-executive director for Business for Development, a not-for-profit that “aims to reduce extreme poverty through inclusive economic growth”.
The announcement follows the listed company’s notice, on 28 November, that Andrew Collings had been appointed as an additional company secretary as of that date.
In that market announcement, IAG said that both Mr Horton and group company secretary Jane Bowd would continue in their roles as company secretaries for the insurer.
IAG will shortly commence its search for a replacement for Mr Horton, the company concluded.
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Jerome Doraisamy is the managing editor of Lawyers Weekly and HR Leader. He is also the author of The Wellness Doctrines book series, an admitted solicitor in New South Wales, and a board director of the Minds Count Foundation.
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Jerome Doraisamy
