Zurich Financial Services Group announced that Jeff Dailey (54, U.S. citizen) has been appointed as a member of the Group Executive Committee effective January 1, 2012.
He is currently President and COO of Farmers Group, Inc., and will become its CEO as of January 1. He will report to Zurich’s CEO Martin Senn. Dailey will continue to be based at the Farmers headquarters in Los Angeles.
He joined Farmers in 2007 as President of Personal Lines for Farmers when Farmers acquired Bristol West Holdings, where he served as its CEO. In January 2011, he was promoted to his current position as President and COO. It was also announced at the time that he would become the new CEO of Farmers upon Bob Woudstra’s retirement.
Senn welcomed Dailey to the Group Executive Committee, noting his “30 years of experience in the insurance industry as well as his strategic vision, proven track record and personal commitment.”
Senn also thanked Woudstra “for his valued contributions during his nearly 40 years of dedicated service with Foremost, Farmers and Zurich. I wish him and his family the very best in his retirement.”
Dailey began his career in claims with Mutual Service Insurance in 1980. Early in his career, he worked at Progressive Insurance Company. After that he formed Reliant Insurance Company, an auto insurance start-up owned by Reliance Group Holdings, which was sold to Bristol West in 2001. From 2001 until 2003 he was COO of Bristol West Holdings, Inc. and in 2004 he was named president consistent with the firm’s successful IPO on the New York Stock Exchange. In 2006 he became its CEO.
Dailey is a graduate of the University of Wisconsin-Madison and the University of Wisconsin-Milwaukee with a bachelor’s degree in economics and a master’s degree in business administration.