Workcover NSW replaces Julie Newman with top insurance gun

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According to insurancenews, Mr Vivek Bathia, former CEO Lumley Insurance, will become CEO of the NSW Government’s Safety Return to Work and Support Division (SRWSD) and replace retired Julie Newman. Of interest is that Bathia has a long career in insurance business, including QBE and has been listed as 1 of 20 most influential people in insurance (2010) along side, for example, the (in)famous Mr Terry Towell, managing Director Allianz…

Workcover NSW replaces Julie Newman with top insurance gun

Ex-Lumley chief Bhatia takes NSW state role

11 August 2014

Former Lumley General Insurance CEO Vivek Bhatia will become CEO of the NSW Government’s Safety Return to Work and Support Division (SRWSD).

vivek-bhatia2Finance and Services Minister Dominic Perrottet says Mr Bhatia will work with the Treasury and Finance Department on the direction and governance of government insurance functions.

“He brings… a depth of knowledge and understanding about the insurance, resources and services sectors gained both here and overseas,” Mr Perrottet said.vivek-bhatia

Mr Bhatia replaces Julie Newman, who retired on August 1, and will take over from interim CEO Steve McKenna on August 25.

SRWSD incorporates WorkCover, the Motor Accidents Authority, the Lifetime Care & Support Authority and the Dust Diseases Board.

Mr Bhatia has been McKinsey & Co regional co-leader for Asia-Pacific since June 2012.

He joined Wesfarmers Insurance in 2008 as COO then served as Lumley and then Wesfarmers’ Australian underwriting CEO from 2009-11.

His new role is on an initial one-year deal, while Treasury and Finance reviews the division’s regulatory functions.

[source: http://www.insurancenews.com.au/regulatory-government/ex-lumley-chief-bhatia-takes-nsw-state-role]

 

According to insurancenews, at least in 2010, Mr Vivek Bhatia is one of the 20 most influential people in insurance.

View Bathia’s Linked in profile.

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3 Responses to “Workcover NSW replaces Julie Newman with top insurance gun”

  1. So I guess this means that there will be more paid out in salary and less on insurance claims….
    These positions should be salary capped at less than $0.5m pa..

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  2. Why am I not surprised? What next? Appoint the CEO of Orica to be Minister of the Environment? How about the CEO of McDonalds Australia to be Health Minister? Why not appoint Jordan Belfort (the Wolf of Wall Street) instead and make even more vested interest money out of the misery of injured workers? Is there no level low enough the NSW will not stoop to? I never wanted to be a part of this system, no injured worker ever does, but at least I can still vote and next year I will, because I do not want insurance companies in charge of government programs, that is a huge rort!

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  3. Mr Bhatia has been McKinsey & Co regional co-leader for Asia-Pacific since June 2012.

    It’s also important to note that McKinsey & Co have been, in many regards, architects of changes to the NSW Workers Comp system over the years. The company is the “go to guy” for Liberal Governments wanting an “external review” where the answer is predetermined.

    For example:

    http://www.bartier.com.au/publications/publicationPrint.aspx?PublicationID=321
    https://www.parliament.nsw.gov.au/prod/parlment/NSWBills.nsf/0/45f5ef847e621d90ca256ddb001dd92f/$FILE/A8103.pdf

    Want more? Just search for: workcover nsw mckinsey

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