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MLC Life Insurance appoints new CEO and managing director

MLC Life Insurance has appointed Rodney Cook as the company’s new CEO and managing director, effective 15 June 2020.

The firm said Cook is a “highly experienced” CEO and financial services executive with strong actuarial insight and deep first-hand knowledge of UK, Australian and NZ financial services.

His first CEO role was as managing director of AMP New Zealand in 1996. He later became MD of Pearl Assurance and CEO of London Life and then held a number of senior roles at Zurich Financial Services, Prudential UK and was managing director of life and pensions at LV=UK.

In 2010, he became CEO of the company that grew to be Just Group plc (UK). MLC chairman, Peter Grey, said: “We are delighted that a person of the calibre and experience of Rodney Cook will lead MLC Life Insurance.”

Cook said, “I am thrilled with the opportunity to lead an iconic company, which MLC Life insurance is. These are challenging times for all Australians and their life insurers.

“With the continued support of Nippon Life and NAB, and significant ongoing investment in our technology and processes, I aim to deliver outstanding service to our 1.3 million customers through our business partners and people.”

The board also extended its thanks to Sean McCormack for his “strong leadership” as acting CEO and managing director during the last five months.

Grey added: “We are grateful to Sean for his leadership in very difficult circumstances. He has led with purpose and made a positive impact. We look forward to him taking on an expanded role within MLC Life Insurance in due course.”

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