Mr Jack Casey is to retire as managing director of New Ireland Assurance on October 1st of this year and will be replaced by Mr Jim Gallivan, currency deputy managing director responsible for sales and marketing. Mr Casey has been managing director since 1987, and his resignation comes "on completion of the mutually agreed period in the role", following the acquisition of New Ireland by Bank of Ireland in 1997.

Mr Gallivan joined New Ireland in 1987 from National Mutual of Australia, where he was national sales manager for the UK and Ireland. He has been a director of New Ireland since 1990. He is a native of Limerick and is aged 50.