Marcus Pearl to Succeed Bernie Mayers as Primacy CEO

22 December 2015

Allianz is pleased to announce that Marcus Pearl will become CEO of Primacy Underwriting Management on 1 January 2016, succeeding Bernie Mayers.

Mr Pearl will assume responsibility of Primacy’s Australian and New Zealand operations as well as assisting with the implementation of Allianz’s broader Regional and Rural Strategy and report to Brett Williams, Head of Regional & Rural.

Mr Mayers will step down after 8 years as Managing Director and over 20 years of service with Primacy and its predecessor, Agricola Crop Insurance, since 1995.

Niran Peiris, Allianz Australia’s Managing Director, said “Bernie’s leadership has seen Primacy continue to grow market share in Australia and establish a diversified business model delivering value to Primacy’s customers and shareholders.”

“Bernie led the successful merger of Agricola Crop Insurance and Primacy Underwriting Agency in 2012 and has built and developed a high performing team at Primacy.”

“Bernie’s contribution to the agricultural sector across our region over the past 30 years has been outstanding and we look forward to benefiting from his experience and continued support in the future.”

David Hosking, Allianz’s Chief General Manager Broker & Agency, said “Marcus’s experience across commodity markets, business development and strategy makes him the ideal candidate to succeed Bernie”.

During his professional career, Mr Pearl has worked with Aon Underwriting Management and the ANZ Bank in a number of roles within their Global Markets division. The majority of his time with ANZ was spent based in Singapore building their Commodities Trading and Risk Management Sales operations across Asia Pacific.

Marcus Pearl has a Bachelor degree in Commerce (First Class Honours) from Deakin University and is currently completing a Masters of Business Administration at the University of Melbourne.

About Primacy
Primacy is Australia and New Zealand’s leading provider of Crop and Forestry Insurance. A subsidiary of Allianz Australia, Primacy has over 20 years’ experience in developing innovative solutions to help Australia’s primary producers protect their crops and investments.

About Allianz Australia
General Insurance Company of the Year 2014, 2013, 2012, 2011, 2009*
Best General Insurance Company of the Year 2014, 2012, 2010, 2007, 2006**

Allianz Australia delivers a wide range of personal, commercial and corporate insurance products and services to more than 2.5 million policyholders. Over 50% of Australia's top 200 BRW-listed companies have some form of insurance cover with the group and the group provides workers compensation services to around one-fifth of Australian employees.

*Australia & New Zealand Insurance Industry Awards
**Australian Banking and Finance Insurance Awards