Zurich Insurance has appointed Hervé Marguin as chief underwriting officer (CUO), General Insurance, Asia Pacific, effective immediately.
Marguin will report to Stuart A. Spencer, chief executive officer, General Insurance, Asia Pacific, and Alan Fairhead, CUO, General Insurance, Zurich Insurance Group.
Marguin joined Zurich’s General Insurance business in 1997 as an actuary in France, and in 2001 joined Zurich Corporate Solutions as chief actuary working in underwriting, based in Switzerland. Marguin then held various finance and operational managerial roles for General Insurance in the performance management area, prior to his move to Hong Kong where he has been chief financial officer, General Insurance, for Asia Pacific since 2011.
The position of CUO, General Insurance, Asia Pacific. was held during the past four years by Adrian Sweeney. Sweeney has been appointed CUO for Zurich’s Global Corporate business and will be based in London.
“Hervé’s in-depth knowledge of the APAC region and strong actuarial background make him the ideal successor for the chief underwriting officer role. We are delighted that the region will continue to benefit from his skills and talent,” said Spencer, who went on to thank Sweeney for “his commitment and contribution to the APAC business.”
Marguin said: “I look forward to building on our past successes and to help ensure the underwriting needs of our customers are met beyond their expectations as we protect the growing needs of businesses and individuals in Asia Pacific.”
Source: Zurich Insurance