nib gets a new leader

ASX-listed health insurer nib has anointed a new chief executive.

Monday, July 29th 2024, 5:37PM

nib managing director and chief executive, Mark Fitzgibbon, is retiring later this year and will be replaced by Ed Close.

Fitzgibbon joined nib in 2002 and led nib’s demutualisation and listing on the ASX in 2007. nib is now an ASX100 company.

Close is expected to formally take up his position at nib before the end of calendar year 2024. He is currently chief executive of nib’s core Australian Residents Health Insurance (arhi) business, where he has driven strong growth.

He oversees product development, claims, customer services, and leads nib’s strategic partnerships with brokers and white label partners. Close is committed to nib’s key payer to partner strategy and health management programs, which are designed to deliver better health outcomes for members.

He also leads nib’s partnership with health-tech company, Midnight Health, and is one of nib’s representatives on the board of Honeysuckle Health, a joint venture company between nib and global healthcare company Cigna.

Honeysuckle Health delivers health management programs in Australia and New Zealand; clinical care programs to help injured Australians return to work as soon as possible; and it is a buying group that negotiates and manages large and complex contracts between health insurers, hospitals, and providers.

nib group chairman, David Gordon, acknowledged Fitzgibbon; “Mark has been a tremendous leader at nib and has had an enormous impact on the Australian health sector, making an extraordinary contribution over more than two decades.”

“From modest beginnings in 1952, today nib provides more than 1.6 million Australian and New Zealand residents with private health insurance; it looks after the health and wellbeing needs of more than 200,000 international students and workers; nib is Australia’s third-largest travel insurer, a 24-7 global business; and it helps around 40,000 participants in Australia’s disability sector," he said.

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