Posted on 10 Mar 2010
Zurich, a leading property and casualty insurance provider globally and in North America, on Tuesday named Scott Rasor as head of Zurich North America Commercial's Construction group. Rasor previously served as senior vice president for Construction, specializing in residential and specialty risks. He will be based in Zurich in North America's Schaumburg headquarters.
“With his wealth of experience with both Zurich and the construction industry, Scott will be a strong and valued leader of our Construction business,” said Steve Rand, president of Zurich North America Commercial's Customer Industry Segments. “We look forward to him continuing to grow Zurich's market-leading position in the construction industry.”
Rasor joined Zurich in 1995 as a liability major case supervisor in claims. After a variety of roles spanning 16 years, he then moved to underwriting where he held several roles of increasing responsibility. Prior to his most recent appointment, Rasor served as head of market for Architects and Engineers as well as residential products such as the Homebuilders Protective and Volume Builders Policies. He was also responsible for underwriting and the technical quality of the Subguard, Construction Professional Liability, Property & Builders Risk and Project Risk insurance serving the large and middle market segments of Construction's portfolio.
"I'm excited about this opportunity because Zurich has a strong construction value proposition," Rasor said. "In addition to providing creative solutions for the risks the industry faces, our integrated teams of underwriters, risk engineering consultants and claims professionals tailor solutions to meet the unique needs of contractors, owners, architects, engineers and other businesses affiliated with construction."
Rasor has an associate degree in mechanical engineering, a bachelor's degree in safety from Northern Illinois University and a master of business administration degree from the Lake Forest Graduate School of Management. He is a Chartered Property Casualty Underwriter and holds several professional designations in claims. He is an active member of the Associated General Contractors of America and the Construction Financial Management Association.
Zurich's North America Commercial and Global Corporate in North America business divisions are part of Zurich Financial Services Group (Zurich), an insurance-based financial services provider with a global network of subsidiaries and offices in North America and Europe as well as in Asia Pacific, Latin America and other markets. Founded in 1872, the Group is headquartered in Zurich, Switzerland. It employs approximately 60,000 people serving customers in more than 170 countries. In North America, Zurich (www.zurichna.com) is a leading commercial property-casualty insurance provider serving the global corporate, large corporate, middle market, specialties and programs sectors.