New MD appointed at New Ireland Assurance
New Ireland Assurance, the life assurance and pensions subsidiary of Bank of Ireland, has named Michael Murphy as its new managing director, ending a near year-long search for a new leader of the Bank of Ireland subsidiary.
Mr Murphy joins the company after a five-year stint as managing director and global leader of risk consulting and software business at WIllis Towers Watson, one of the world's largest insurance brokerage and consultancy firms.
Pat Healy, chairman of New Ireland, said Mr Murphy brings a "wealth of experience and knowledge to this important role, and has an exceptional track record of growing businesses and delivering strategic transformation."
New Ireland's previous boss, Sean Casey, left in April last year after six years at the helm, resulting in the elevation of Mick Sweeney to interim managinng director.
The company said Mr Murphy will assume his new role in July and Mr Sweeney will return to "a senior position in the Bank of Ireland Group at that time".