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.
Public Adjuster Accused of Swiping $600,000 in Hurricane Ian Insurance Payments 
Tennessee Approves Smallest Drop in Workers’ Compensation Costs in Years 
Chubb: Cyber Claim Severity Nearly Doubled for Large Businesses 
Viewpoint: California’s Surplus Lines HO Market Driven by Access, Not Wildfire Risk 
