Yesterday, Zurich announced a host of leadership changes that saw Tulsi Naidu (pictured below), the firm’s UK CEO, move into the role of CEO for APAC. Now, her replacement has been named.
That man is Tim Bailey (pictured above), currently group COO for EMEA – he will take the role subject to board and regulatory approval.
“I’m delighted to be taking on the role of UK CEO from January 01 and to be re-joining the UK business, where I started my career in insurance over 20 years ago,” he said. “I’ve had the pleasure of working closely with the UK team for the last year as EMEA COO and seen the tremendous progress that has been made under Tulsi’s leadership. I’m looking forward to joining such a talented leadership team, responding to the rapidly-changing environment and continuing to deliver great service to our UK customers and distribution partners.”
Bailey has more than 20 years’ experience in the sector and has worked in a number of key roles within the firm, including spending time as chief risk officer, head of strategy for the global life business and CEO of life and investments, Australia. He has also been closely involved with the firm’s response to Brexit.
Naidu, meanwhile, has also spoken on her own transition – she moves into the CEO of APAC role on January 01, having led the UK business since 2016.
“I am honoured to be asked to take on the role of CEO of APAC and I’m really looking forward to this next challenge which represents a significant growth opportunity for the group,” she said. “I have loved my time working with the UK team and the progress we have made in this key market for the group. I have every confidence the business will maintain its strong momentum moving forwards and I see a very bright future ahead. The business is in great shape and well poised for the next chapter.
“I couldn’t leave the UK business in safer hands. Tim has two decades of extensive global experience across the Zurich Group and I am really confident he will provide the leadership to take the business forward on the next stage of its journey.”