Zurich North America shakes up organisation

Company looks to simplify structure as it brings together two of its businesses

Insurance News

By Paul Lucas

One of the biggest insurance companies in the world has shaken up its North American operations – with Zurich simplifying its go-to-market structure.

The company, which in North America is a commercial property-casualty insurance provider, will bring together its commercial markets and global corporate businesses in the region with Paul Horgan to lead the newly formed unit as of January 01. Formerly the head of global corporate in North America, he will report to Mike Foley, CEO of Zurich North America, and to James Shea, CEO of commercial insurance globally for Zurich.

“Bringing together our expertise from our corporate and commercial businesses allows us to simplify our customer interaction and go-to-market approach,” said Foley. 

“From mid-sized companies up to the largest corporate enterprises, we will seamlessly deliver Zurich’s award winning customer relationship management model, distinctive industry-focused solutions, and international programs capabilities (IPZ).  We will continue to deliver Zurich’s world-class claims and risk engineering services, and be able to design a wide range of program structures that effectively manage our customers’ total cost of risk.” 

Also effective January 01, Zurich North America is naming Craig Fundum as chief administrative officer. Fundum, formerly head of commercial markets, will be responsible for strategic execution, human resources, communications, community investment and employee engagement.  Fundum will also chair the company’s risk and control committee in North America, coordinating with audit, risk, and compliance. In this new role, Fundum will continue to report to Foley.

“Craig has over 25 years’ experience at Zurich, during which he has delivered tremendous impact across a variety of roles,” added Foley. “His extensive knowledge of our people and our processes, as well as our customers and products, will be invaluable to Zurich as he takes on this new challenge as chief administrative officer.”

Related Stories:
Five insurance giants join forces on blockchain
Zurich takes giant insurer’s President for new commercial unit


Keep up with the latest news and events

Join our mailing list, it’s free!