Mick Summersgill, who previously headed Zurich’s UK run-off operations, has joined Ernst & Young as a director of the accounting firm’s recently created insurance run-off team.
“Mick will be instrumental in developing the team’s strategic restructuring proposition as well as driving forward delivery of restructuring and exit solutions for legacy insurance business,” said the announcement.
At Zurich, he assisted the chief executive officer of discontinued operations in managing the run-off portfolios of both Zurich Specialities London Limited and Eagle Star Insurance Company Limited and its subsidiaries. “These represent one of the largest run-off portfolios currently under management in the UK (re)insurance market,” said E&Y.
Summersgill is a fellow of the Association of Chartered Certified Accountants and is qualified in insolvency. Prior to Zurich, he worked in the insurance solutions team at KPMG.
Source: Ernst & Young – www.ey.com