Zurich Insurance Group has announced that it has appointed Peter Giger as chief risk officer and a member of the company’s executive committee. The appointment will take effect October 01. Giger succeeds Alison Martin, who was recently appointed CEO for Europe, Middle East and Africa (EMEA) and bank distribution.

Giger joins Zurich from the Swiss Financial Market Supervisory Authority, where he served as head of the insurance division and deputy CEO. Prior to that, he held various executive positions at Zurich and Swiss Re. Giger holds an MBA from the University of St. Gallen and a PhD in business administration from the University of Zurich.

“Peter is a strong leader with global experience in the insurance industry and technical excellence in finance, risk and underwriting,” said Mario Greco, Zurich group CEO. “It’s a particular pleasure to announce this appointment, as Peter is not new to Zurich. He started his career in our company, and with almost 20 years with Zurich already has an excellent understanding of our business model and risk profile.”