Peter Apolakiatis has been appointed GM at Steadfast-backed Austcover, succeeding Alan Moran, who is promoted to QIB Group Holdings chief broking officer.

Mr Moran, who has spent more than two decades at Austcover, will lead commercial broking operations across Steadfast-owned QIB’s network of 17 broking businesses.

Mr Apolakiatis was most recently BMS chief growth officer. He previously founded Bluebrook Insurance Brokers and is a former Bellrock Broking MD.

QIB CEO Adrian Humphreys says he is an excellent fit for Austcover as the business enters its next stage of growth.

“Peter brings significant industry experience, strong leadership capabilities and a proven record of building successful businesses and client relationships,” Mr Humphreys said.

Mr Apolakiatis has thanked Steadfast MD and CEO Robert Kelly, EGM John O’Herlihy, Mr Humphreys and Mr Moran for “the confidence you’ve shown in me”.

“After some time away from the insurance industry, it feels great to be back reconnecting with an industry, its people and relationships that have been such an important part of my career,” he wrote on LinkedIn.

Mr Apolakiatis and Mr Moran are both based in Queensland.