15 Apr 2011

Government appoints director to AMI board

12:06 pm on 15 April 2011

The Government has appointed a former managing director of State Insurance, John Pritchard, to the board of AMI Insurance.

The appointment is part of the Government's support package for the troubled Christchurch-based insurer, which could result in up to $1 billion being put into the company.

The troubled firm sought Government support following February's devastating earthquake, and will become state-owned if taxpayer money is required to help it meet the cost of claims.

The Treasury, on behalf of the Crown, has appointed Mr Pritchard to help the company work through its problems.

Mr Pritchard has more than 40 years experince in the insurance industry and is a former board member of the New Zealand Insurance Council.