William McDonnell

BA, ACA — Chief Financial Officer

William McDonnell joined IAG as Chief Financial Officer effective 11 December 2023.

William has more than 25 years’ global experience across insurance, finance, capital markets, risk, governance, and regulation.

He spent 15 years at general insurer Royal & Sun Alliance Insurance Group (RSA), culminating in seven years as Group Chief Risk Officer. RSA was an FTSE 100 insurer, with operations in the United Kingdom, Ireland, Canada, Scandinavia, and a presence in more than 15 countries. William left RSA when it was acquired in 2021 by Canada's Intact Financial Corporation and Danish insurer Tryg.

During his time at RSA, William also held senior finance and capital roles. He was Group Director of Financial Reporting and Control, and Head of Economic Capital, Corporate Finance and Capital Management.

He created and chaired RSA’s ESG Committee, was a founder member of the Bank of England’s Climate Financial Risk Forum, and a member of the University of Cambridge ClimateWise Council – a global network of leading insurance industry organisations. He chaired the CRO Forum Emerging Risk Initiative, leading its research into climate risks and insurability.

William joined IAG from the global governance body, the Integrity Council for the Voluntary Carbon Market, which he led for two years, reporting to the Chair. William built the organisation from its foundation, achieving recognition as the world’s standard-setter for carbon credits.

He previously held roles at HSBC Investment Bank, Aviva, the UK Financial Services Authority and Deloitte.

In April 2024, William was appointed to the Board of the Australian Sustainable Finance Institute (ASFI), which is committed to create a more sustainable and resilient financial system. IAG is a founding member of ASFI and continues to collaborate on various aspects of its work programs, including the current development of the Australian Sustainable Finance Taxonomy.

William has a BA in Classics from Oxford University and is a member of the Institute of Chartered Accountants in England and Wales. He has moved from London to Sydney to take up the new role.