STATE INSURANCE OFFICERS.

Auckland Star, Volume LIV, Issue 132, 5 June 1923, Page 6

STATE INSURANCE OFFICERS.

THE NEW APPOINTMENTS. TIRE AND LITE SEPARATED. The new Commissioner of the Government Life Insurance Office, Mr. A. T. Traversi, is one of the Dominion's most i , noted actuaries, and was the second Xew Zealander to graduate as Fellow of . the London Institute of Actuaries. He comes from the West Coast, and began his business career as n cadet in the office of which he is now the head. For a number of years he lias been assistant I actuary of the Insurance Department, I and last year he was appointed to take ! charge of the whole of the actuarial | work of the Department. Mr. Traversi lias had a wide experience of both the commercial and professional sides of in- j surance, and he is also well known as a writer on matters affecting his calling. As mentioned yesterday, the post of I Commissioner of the Government Insurance Department, from which Mr. J. H. Richardson has retired, has now been split up into two offices, Mr. Traversi i taking charge of the life side and Mr. J. H. Jerram lias been appointed general manager of the State Fire Insurance Department. Mr. Jerram joined the State Fire Office in l!) 05, prior to which j he had gained considerable experience i with private insurance companies. As deputy general manager Mr. Jerram has been in clffirge of the underwriting of the oflice, and his experience and administrative ability are generally known in insurance circles to have been most, important factors in bringing about success with which the State Fire Insurance has mot. ' Mr. G. Gostelow, who now becomes j actuary of the life department, has had 1 considerable experience in private offices. He was appointed in lf>2l as actuary of the National Provident Fund, and •when , the various deparcments were amalga- j mated he was appointed assistant I actuary of the department. j About a year ago the Government combined the fire and life branches of the Department, and Mr. Richardson was placed at the head. These new appointments are taken to indicate that the Government has dropped the policy of having one head, and that the two branches will now operate independently. The experiment of one head of the two departments, it is stated, haa not been a success, and it has been apparent to many that a reversion to the original policy was bound to come. It is anticipated that in the course of a day or so the Minister in charge, the Hon. J. O. | Coates. will make a statement explaining : the attitude of the Government.