Zurich Financial Services Group announced that, effective June 1, Inga Beale (45) who currently serves as Head of Organizational Transformation and Mergers & Acquisitions (M&A) will assume the position of Global Chief Underwriting Officer.
Mike Kerner (43) who currently serves as Global Chief Underwriting Officer and Head of Group Strategy will assume the role of Chief Executive Officer (CEO) of Global Corporate in North America.
Beale brings “ample operational know-how to this critical global function, reflecting both her extensive knowledge of Zurich’s operations and businesses as well as her wide technical and underwriting experience, and broad leadership positions at previous employers,” said the bulletin She will retain “The Zurich Way” leadership role and remain a member of the Group Management Board.
Beale formerly headed reinsurer Converium before its merger with France’s SCOR group. Converium was the name given to Zurich’s reinsurance units when they were spun off from the company in Sept. 2001. (See IJ web site https://www.insurancejournal.com/news/international/2007/11/09/84936.htm).
Zurich said Kerner’s “effective leadership in establishing sophisticated pricing and risk selection methodologies position him particularly well to tackle the challenges of the US corporate business. The role had hitherto been held ad interim by Mario Vitale, CEO of Global Corporate since January 1, 2009.”
In addition Zurich announced that “with these changes, the Group is also taking the opportunity to reunite the Group Mergers & Acquisition and Group Strategy roles. Effective June 1, Christian Carl (37, French and Danish citizen) will be joining Zurich to lead these functions. He joins the Group from Goldman Sachs, where – as a leader within the investment banking division’s Financial Institutions Group since 2000 – he gained extensive advisory experience with Zurich since 2001. He has also previously worked with Merrill Lynch and Baring Brothers International, and holds degrees from the University of Cambridge and the University of Bristol.”
Source: Zurich – www.zurich.com
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