SYDNEY, Australia — Current Chief Financial Officer Michael Tuffy has been named CEO of CUNA Mutual Group's Australia operations.
Effective December 8, Tuffy will replace Mike McCarthy who has served as CEO since 1999 and will continue in a consulting role in the areas of strategic development and execution with existing and new relationships within the Australian market.
"Internal succession is our preferred succession strategy, and we are fortunate at present to have developed a strong internal team well versed in what our customers want, how we need to service those needs, and how to price our products to ensure a sustainable and dynamic business in Australia," said McCarthy
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Tuffy has a strong insurance background, including regional Asia Pacific leadership roles within GE Insurance Solutions and Employers Reinsurance Corporation prior to his current role.
"The appointment of Michael Tuffy is the latest recognition of the tremendous strides our Australian operations have made over the past year, and it is another reflection of the commitment CUNA Mutual is making to partner with the Australian credit union movement for success long into the future," said CUNA Mutual Senior Vice President–International Operations Sue Albrecht.
Operating in Australia since 1969 as a direct writer and reinsurer, CUNA Mutual Group employs approximately 85 in Australia. The company's Australia operations are headquartered in Sydney, New South Wales, with regional sales staff located in Western Australia, Queensland, South Australia, and Victoria.
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