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.

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Sergey Petrossov


As an industry, private charter flights were once the purview of the rich and famous.  When Sergey Petrossov was asked to join a private charter flight what he found was an outdated, archaic system much in need of a modern overhaul.  So, he went to work.  He founded JetSmarter with the fundamental idea of creating a system that was more efficient, more cost effective and available to the broader market.

Since starting the company, it has grown to a $1.5 billion valuation.  Through its innovative app, customers are able to book flights worldwide to the destination of their choosing.  They are also able to book flights with other customers who have already booked and share the ride.  This has earned them the nickname of being the “Uber” of private charter flights.   While this appellation may be a tad unfair, the company is setting its sights on redefining the private charter space and making better use of their plane’s flight time.  The less time they spend on the ground, the more the company can earn.  This savings then gets passed on to the customer.  With more planes in the air, customers save.  This also means that the customer base broadens.  With private charter flights within reach of more customers, everybody wins. 


The idea was simple.  Turn underutilized flight time into income generating business.  The answer was to become a distribution network for multiple operators.  In doing so, JetSmarter and Sergey Petrossov have created a new market.  To date, they have integrated 3,000 planes into their system.  By keeping planes flying when not in use, they’ve created a third-party market that makes money for the company and the plane’s owner.  It’s a win, win, win. 

Beal Properties and Chicago Real Estate Concepts

It can be difficult for people to be able to track down real estate properties in Chicago, Illinois that are a strong match for their lifestyles and aspirations. It’s not due to a shortage of exemplary property choices in the Midwestern setting, either. Chicago has a wealth of amazing and remarkable properties on hand to all. What makes property in Chicago so tough to unveil? There are quite a few responses to that. It can often be overwhelming for people to be able to navigate the many choices accessible in Chicago. There are also many individuals who search for properties simultaneously in the metropolis. These factors make taking charge of the real estate market rather hard and time-consuming.

If an individual is looking to make well-rounded real estate choices in Chicago, he or she should strive to team up with professional agents. There are many reputable real estate firms in locations all around the energetic metropolis. People never have to settle for agencies that are not up to par. They never have to settle for agencies that aren’t top of the line in caliber.

Beal Properties works on structures that are in all different parts of the city. People who are searching in Lakeview, Glencoe or Wichita can easily discover Beal Properties offerings. People who are searching in Highland Park, Logan Square and Lincoln Square can do the same. This is a trusted firm that puts its time into properties of all varieties and size categories.

Beal Properties has been simplifying real estate matters for people in Chicago for years and years and counting. People who are trying to identify top-notch apartments often make the choice to lean on Beal Properties and its many capable and responsive staff members. These effective people all have a lot of in-depth real estate savvy.

Max Salk Is Proof Passions Can Inspire Career Paths

Society has always favored an austere specialist to “The Generalist.” It’s the title coined for someone adept at doing various activities and mastering multiple professions. Specialization remains a core element of some career paths such as architecture and medicine.

In the internet age, there’s a shift, where being a generalist translates to wealth and success. Generalists do extraordinarily well in fields that require a stretch of the imagination, particularly those that involve unpredictable, complex problem-solving. David Epstein’s latest book “Range: Why Generalists Triumph in a Specialized World” explains why this is so. It concludes that not being specialized enable generalists to explore innovative concepts and share creative insights. These professionals also do remarkably well in specialized settings. Having led productive, successful careers, New York-based landscape photographer and investment analyst, Max Salk, knows the value of being multifaceted.

His success comes from choosing the things he truly enjoys doing. He further explains that being genuinely interested in a certain field(s) feeds the motivation to challenge oneself. His sincere advice to aspiring professionals is for them to search within to unlock their passion and embrace it. With the many opportunities out there today, he believes success has many dimensions; it’s up to the aspirant to realize the possibilities.

Max Salk hails from Illinois. He studied history and finance at the prestigious University of Illinois-Urbana Champaign. It was there he developed a love for the stock markets and spent his spare time researching investment options. His studies abroad in the Dutch province, Rotterdam, the Netherlands, afforded him the platform to unlock his passion for photography. He created a website to showcase all of his photography work; with one of his favorite shots from his Rotterdam experience being the first sample. Besides photography and investments, he expresses a fondness for music and sports as well.

When Max Salk completed his education, he landed his first employment with PPM America, a prominent Chicago investment manager. He was a capital financial markets research analyst. Three years later he relocated to New York, where he joined the Blackstone family. He’s a credit research analyst and V.P. at the firm. Despite his commitment to this role, Salk doesn’t miss an opportunity to do photography. He documents all his travels and shares his photo stories on Instagram and his website.