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CHICAGO—Zurich Insurance Group Ltd. will add 150 people to its downtown Chicago operations over the next few years, the insurer and Chicago Mayor Rahm Emanuel announced Monday.
A joint statement said Zurich’s move will eventually increase its downtown Chicago payroll to about 500 insurance and risk management professionals.
“To help Zurich stay strongly connected to key customers and brokers in Chicago, the company will now work to identify which people and positions will be located in the company’s downtown location,” according to the statement. “Zurich’s surety unit will be one of the first key groups to increase their presence downtown.”
The mayor said in the statement: “For a century, Zurich has been a dominant force in the insurance industry, and the company’s expanded presence in Chicago will help it drive forward during its next century of growth.”
"Chicago is one of the greatest cities in the world and certainly a hub for the global insurance market, so it makes sense we would continue to grow our presence there,” Mike Foley, CEO of North America Commercial for Zurich Insurance Group, said in the statement. “Many of our important customers and brokers are located downtown and it’s important we are well-positioned to engage with them to effectively meet their needs.”
Zurich employs more than 2,500 people at its North American headquarters in Schaumburg, Ill.
SCHAUMBURG, Ill.—Zurich Insurance Co. Ltd. has promoted Craig Fundum to president of its North America commercial markets and customer industry segments, the company announced Thursday.