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Zurich Insurance Group Ltd. said Thursday that Stephen Moss has been promoted to group head of financial lines and cyber and that former Munich Re executive Andreas Schmitt has been named group cyber underwriting manager.
Both executives assume their new roles on Sept. 1. Mr. Moss succeeds Timothy Powell, who joined Zurich from Axa XL last year, and Mr. Schmitt replaces Oliver Delvos.
A company spokesman said Mr. Powell and Mr. Delvos have decided to pursue opportunities outside of Zurich.
Corvus Insurance Holdings Inc., an insurtech, earlier this year said Mr. Delvos would be joining the company this summer as head of international.
In his new role, Mr. Moss, who joined Zurich in 2017 as head of specialties, United Kingdom, will be responsible for professional indemnity, directors and officers, financial institutions, and mergers and acquisitions. He will report to Hayley Robinson, group chief underwriting officer and will continue to be based in London.
As group cyber underwriting manager, Mr. Schmitt will work closely with Zurich’s country offices worldwide to ensure a consistent cyber underwriting approach. He will report to Mr. Moss and be based in Zurich.
Mr. Schmitt was previously head of cyber, Asia, at Munich Re.