gov - Appointment to Vhi Board

Following a request from Vhi and after gaining government approval, the Minister for Health Stephen Donnelly has directly appointed Mr. Martin Kelly, the Chief Financial Officer (CFO) of Vhi, to its Board based on the following reasons:

it is common practice in the insurance industry for CFOs to be appointed to the relevant boards
a balanced executive view is provided to the Vhi Board when it consists of more than one executive member – the CEO is also currently an executive member of the Board
the CFO will greatly assist Vhi in meeting its obligations such as conducting its commercial activities in a prudent, sustainable and cost-effective manner
the CFO will provide a detailed executive view of matters to enable the Vhi Board to give assurance that a true reflection of Vhi’s financial performance is provided
appointing the CFO to the Vhi Board will aid in ensuring that the annual report and financial statements are fair and balanced, provide the information necessary to assess the company’s financial performance, and comply with the relevant accounting standards
Vhi’s previous CFO was also a member of the Board

Martin Kelly

Martin has held the position of Chief Financial Officer (CFO) for Vhi Group since May 2022, having joined the company as Chief Actuary in 2013. Previously Martin held a number of actuarial positions across a wide variety of areas within the life, non-life and health insurance sectors. Martin has a BSc in Financial and Actuarial Mathematics from Dublin City University. He has been a Fellow of the Society of Actuaries in Ireland since 2007.

This appointment is effective from 11 March 2024 until 10 March 2029.

Appointment to Vhi Board - 16 April 2024

Martin Kelly

Part of

Policies