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.
Accuweather: Winter Storm to Cause Up to $115B in Damage, Economic Losses 
Updated: 6 Killed in Private Plane Crash at Maine Airport 
Owner of Assisted Living Home Where 10 Died in Fire Denied Access to Insurance Funds 
Progressive Q4 Income Up 25%; CFO Sauerland to Retire in July 
