Posted on 25 Sep 2012 by Neilson
Zurich, a leading property and casualty insurance provider globally and in North America, today announced that Dan Riordan has been appointed CEO of Zurich’s Global Corporate in North America (GCiNA) business.
In his new role, Riordan will be accountable for the direction, management and performance of GCiNA, which is one of our major business areas within North America and will play a significant role in the success of both Global Corporate and the wider General Insurance business goals. He succeeds Mike Kerner who was recently appointed CEO of General Insurance.
Riordan will begin his new role on October 1 and will become a member of the Global Corporate Executive Team. He will continue to be based in New York and will report to Thomas Huerlimann, CEO, Global Corporate.
“Dan brings a great depth of experience to his new role,” said Mike Foley, Zurich’s Regional Chairman, North America and CEO, North America Commercial. “Global Corporate is a very important component of Zurich’s business in North America and we know that he will successfully lead its continued growth in the marketplace.”
Riordan has held a variety of roles since joining Zurich in 1997, when he established and led the Political Risk and Trade Credit business in Washington, D.C. Under his leadership, Zurich is now the leading provider of political risk and medium-term credit insurance in the global marketplace. In 2008, when the Surety unit was integrated within the Political Risk and Trade Credit business, Riordan was named head of the unit developing Zurich's portfolio of Surety, Trade Credit insurance and Political Risk insurance products in North America and internationally. Most recently, he has held the role of president of North America Commercial's Specialty Products business unit.
Riordan is a member of the Management Committee of the Berne Union and a board member of the US-Russia Business Council. He is also a member of the Institute of International Finance, the Institute for International Economics and is on the board of the Surety and Fidelity Association of America. He is a graduate of the State University of New York at Oswego and earned a Master’s degree in international development from the School of International Service at American University in Washington, D.C.
Zurich Insurance Group (Zurich) is a leading multi-line insurance provider with a global network of subsidiaries and offices in Europe, North America, Latin America, Asia-Pacific and the Middle East as well as other markets. It offers a wide range of general insurance and life insurance products and services for individuals, small businesses, mid-sized and large companies as well as multinational corporations. Zurich employs about 60,000 people serving customers in more than 170 countries. The Group, formerly known as Zurich Financial Services Group, is headquartered in Zurich, Switzerland, where it was founded in 1872. The holding company, Zurich Insurance Group Ltd (ZURN), is listed on the SIX Swiss Exchange and has a level I American Depositary Receipt program which is traded over-the-counter on OTCQX. Further information about Zurich is available at www.zurich.com.
In North America, Zurich is a leading commercial property-casualty insurance provider serving the global corporate, large corporate, middle market, specialties and programs sectors. Life insurance offered in the United States is issued by Zurich American Life Insurance Company, an Illinois domestic life insurance company. For more information about the products and services it offers and people Zurich employs around the world, go to http://www.zurichna.com/zna/aboutzurich/zna-home.htm. 2012 marks Zurich's 100 year anniversary of insuring America and the success of its customers, shareholders and employees. Further information about Zurich's 100 year anniversary of insuring America is available at http://www.zurichna.com/100