Zurich reorganizes commercial business in North America

Zurich North America announced Tuesday that its commercial and large corporate insurance business for the United States and Canada has been reorganized and rebranded as North America Commercial Insurance.

The unit combines the former commercial markets and the former global corporate businesses in North America and will be headed by Paul Horgan.

Mr. Horgan, formerly head of global corporate in North America, is based in Schaumburg, Illinois, and reports to Mike Foley, CEO of Zurich North America and James Shea, CEO of commercial insurance globally for Zurich Insurance Group Ltd.

The reorganization simplifies the organization and provides a single point of entry for commercial policyholders, a Zurich statement said.

North America Commercial Insurance will be aligned into four business segments, Zurich North America said: property, casualty, construction and middle markets. The North America commercial insurance team, effective immediately, reporting to Mr. Horgan includes the following members Richard Montminy, head of property; Brandon Fick, head of casualty; Marcus Cooper, head of middle markets; head of construction Scott Rasor; David Levinson, president and chief agent Zurich Canada; and chief risk engineering officer Thomas Fioretti.

“This simplified approach builds on our collective strengths and reinforces our position as a leading global insurance provider,” Mr. Horgan said in a statement. “Our new unit will service and support our multinational customers, as well as utilize our experience and expertise to deliver local solutions to our middle-market customers.”