Insurance Executive Peter Harris Explains How He Grew CBL Using Innovative Strategies

Peter Harris is an international businessman who resides in Auckland, New Zealand. He began his career working as a chartered accountant. In 1989, he became the finance director and shareholder of Boston Marks Group Ltd. After a four-year stint at General Capital Ltd. as its chief executive officer, he joined CBL in 1996. He was named CEO and managing director of the insurance firm in 2007.

Under his leadership, CBL became the largest insurance firm based in New Zealand. It had clients around the world, including Malaysia and France. Its financial health was rated as A-(Excellent) by the international rating frim AM Best. CBL was earning more than $400 million a year in 2018. Peter Harris was recognized with multiple accolades, such as the EY Awards naming him “Entrepreneur of the Year.”

In 2018, French insurers unfairly targeted CBL. Peter Harris explains this resulted in the Reserve Bank of New Zealand (RBNZ) investigating his company. RBNZ assigned an inexperienced liquidator to the case, which resulted in Peter Harris and his fellow shareholder Alistair Hutchison losing what they had built up over the years. Peter Harris has been working to make sure all of his company’s residual creditors and policyholders are taken care of.

Earlier in his career, Peter Harris realized that a great profit could be attained by taking on more risk than most banks. He saw the risks could be mitigated through innovations. This included surety solutions, guarantees, and credit enhancements. He put the plan into action in 1996 after buying an insurance company. It was a small business, but Peter Harris and his business partner saw enormous potential.

Peter Harris recalls that they realized they would need to expand internationally to be truly successful as New Zealand had a population of just four million people. They sought clients and opportunities overseas, including in Asia and Europe. This coincided with the rise of the internet and email making it far easier to do business on a global scale. He put the long-term good of the company over short-term results, a strategy that paid off in two years as the company became profitable and had tremendous growth.

Read more here http://www.cblinsurance.com/about-us/board-of-directors/

Michael Burwell: The Executive Taking Over As The New CFO Of Willis Towers Watson

Being a leader in the financial industry is never easy, but Michael Burwell makes it seem like something that is not hard to pull off. Burwell has had an incredible career spanning over thirty-one years. During these years, he has worked with big names and clients, offering them his unique insight and understanding of their financial situation, and the routes that they can take to improve their investments. He is highly regarded as someone who has an incredible amount of skill and expertise in the field and is someone who can learn from every endeavor to constantly improve himself and the services that he provides.

 

 

Last year, Burwell made a significant improvement in his career when he was asked to take on the position of CFO at a company known as Willis Towers Watson. The company stands as one of the leading within the investment and global advisory department and has set high standards for the kind of services that they provide. The company has grown to be one of the more notable within the sector, which is why someone of incredibly high caliber was needed to be able to take up this position.

 

 

One of the key qualities that Burwell possesses is good leadership skills. He is considered to be someone who can lead a wide group of people who are all working towards a common goal. Using Michael Burwell’s leadership skills, coupled with his people’s skills has enabled him to grow and become one of the more well-known names within the business.

 

 

Through the course of his career, Burwell has risen to several well-known positions within the companies that he has worked in. One of the more well-known names that he has worked at includes PwC, which was a company in which Burwell held many notable positions. One of the roles that Burwell contained in this company was that of the Head of Global Transformation. Michael Burwell was also known for being the CEO and CFO to the company and carrying out some developments that proved to be incredibly beneficial to the growth of the company as a whole.

 

 

Having already worked in executive positions, particularly that of the CFO, Burwell will surely be able to take on the role of CFO at Willis Towers Watson with ease and implement some measures to help the company grow and become a well-known name within the industry. Click Here for more information.