Zurich Insurance Group picks insider to head life arm

14th August 2013, Comments 0 comments

Swiss-based Zurich Insurance Group announced Wednesday that it had named company insider Kristof Terryn as chief executive of its global life division with immediate effect.

Terryn, a Belgian who joined Zurich in 2004, replaces American Kevin Hogan, who the group said had decided to pursue new opportunities.

Hogan had been with Zurich since 2008, and was named chief executive of its life insurance wing in 2010.

Terryn currently heads Zurich's operations and is a member of its executive committee.

Markus Nordlin, a Finnish and US citizen who is currently the group's chief information technology officer, is to temporarily take charge of its operations in the wake of Terryn's appointment.

The announcement came on the eve of Zurich Insurance Group's release of its half-year results, and after the end of trading on the Swiss stock exchange.

© 2013 AFP

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