Zurich North America names Terry McCafferty head of group captive insurance

Zurich North America on Friday said it has named Terry McCafferty as head of group captives in the company’s programs and direct markets division, effective Feb. 1, 2015.

Mr. McCafferty replaces Rod DeMaso, who recently became director of technical underwriting for Zurich Product Underwriting, Zurich North America said in a statement.

Based in Schaumburg, Illinois, Mr. McCafferty will manage the company's group captives business, which includes member-owned, agency and association captives, according to the statement.

Most recently, Mr. McCafferty was chief operating officer for Zurich North America’s programs and direct markets, according to the statement. He joined the company in 1998.