Zurich Insurance Group (Zurich) has appointed Ralph Brand as Global Head of Casualty, Financial Lines and Cyber, and Chris Waterman as Global Head of Property, Marine and Technical Lines.
The newly created roles aim to simplify the company’s underwriting function by aligning the shorter-tail first party coverages and the longer-tail third party liability coverages.
“The insurance industry continues to evolve and having the ability to provide customers with tailor-made services, solutions and advice is critical for our future success,” noted Commercial Insurance Chief Underwriting Officer Sierra Signorelli.
“This new setup will enable us to combine our expertise and resources across business lines and make better and more efficient underwriting decisions for our customers,” Signorelli added.
Both Brand and Waterman are experienced insurance executives with more than 30 years in regional and local roles.
Brand joined Zurich in March 2012 as CEO of Zurich Germany, leaving in 2016 to start his own business before rejoining in 2019 as Global Head of Casualty.
He is based in Zurich, and previously held various leadership roles at AIG and Allianz across Europe and in the US.
Waterman, meanwhile, joined Zurich in July 2016 in Singapore, where he most recently was Head of Commercial Lines Underwriting APAC.
Before joining the company, he held various leadership roles at AIG, including Head of Property & Energy in Japan. Waterman will relocate from Singapore to Zurich.
Accident & Health and Credit and Surety will continue to be led by Drazen Jaksic and Piergiorgio D’Ignazio, respectively.
