Schaumburg, Ill.-based Zurich North America announced that Stephen Smith has retired as CEO of Universal Underwriters Group, a business unit of of the company’s commercial division. Universal Underwriters Group was recently sold to a group of investors led by Hellman & Friedman LLC, a San Francisco-based private equity investment firm. Smith had agreed to stay on until the sale was completed.
Until the transaction closes, Thomas A. Bradley, chief financial officer of Zurich North America Commercial, will serve as interim CEO of Universal Underwriters.
Was this article valuable?
Here are more articles you may enjoy.
Hurricane Melissa Churns Toward Jamaica as Category 5 Storm 
Suspects in Louvre Heist in Custody After Week-Long Manhunt 
Catastrophe Bonds’ Huge Market Gains Put Reinsurers on Backfoot 
Alaska Airlines Vows IT Upgrades After Outage Forces 400 Flight Cancellations 
