Zurich Insurance names new CEO of global life

Gary Shaughnessy has been named CEO of Zurich Insurance Group's global life business and a member of its group executive committee.

Zurich Insurance Group Ltd. on Monday said it has appointed Gary Shaughnessy CEO of its global life business and a member of its group executive committee, effective Jan. 1.

Mr. Shaughnessy — currently CEO of Zurich U.K. Life, country head for Zurich in the United Kingdom and interim CEO for Zurich's global life business in the Europe, Middle East and Africa region — will succeed Kristof Terryn, who was appointed CEO of Zurich Insurance's general insurance operations in October.

“Gary steps up to his new role having made a significant contribution across our U.K. business,” said Tom de Swaan, Zurich Insurance's interim CEO.

“He is a great leader with a wealth of industry experience, which makes him perfectly suited for the role,” he added.