Two new independent non-executive directors have joined the humm group board. They are UK-based Anthony Thomson, a co-founder of neobank 86 400; and Robert Hines, who has had senior executive jobs at Bank of Queensland, Suncorp and Queensland Investment Corp. humm chair Andrew Abercrombie has been rebuilding the board since June, when the previous chair Christine Christian and most of the directors quit following the collapse of the proposed sale of the humm consumer business to Latitude. Other members of the renewed board are former Bank of Queensland CEO Stuart Grimshaw and Terry Fleming, who chairs Humm’s Irish business. Commonwealth Bank has completed the sale of CommInsure General Insurance to Hollard Holdings Australia. First announced in June last year, the deal includes a A$625 million upfront payment plus deferred payments and ongoing commissions. CBA has entered into a 15-year strategic alliance with Hollard for the distribution of home and motor vehicle insurance products to CBA retail customers. CBA and Hollard have committed to invest in the business. At the time the sale was announced, CBA said it would result in an estimated post-tax gain of around $90 million. In a statement on Friday, the bank said the transaction will add around 9 basis points to its common equity tier 1 capital ratio. Commonwealth Bank venture capital business x15 has invested A$250,000 in Paytron, a developer of business payment workflow systems. Its aim is to simplify the way businesses manage transactions such as accounts payable, international transfers and payroll. Paytron was the winner of x15’s Xccelerate, a mentoring program for start-ups.