Global insurer Zurich Insurance Group has appointed Claudia Cordioli as the Group’s Chief Financial Officer (CFO) and member of the Executive Committee, effective from March 1st, 2024, subject to regulatory approval.
Cordioli will take over from George Quinn who has served as Group CFO for the last decade and has decided to step down.
Quinn will oversee the completion of Zurich’s 2023 Annual Results and will ensure a smooth transition.
Mario Greco, Group Chief Executive Officer, commented on the appointment: “I am delighted to welcome Claudia to Zurich. She brings extensive experience across both finance and business functions, coupled with a proven record of delivering impactful results, building effective teams, and driving change.
“I would like to thank George for his remarkable contribution to Zurich over the last 10 years, reflected in Zurich’s strong financial position, notably our robust SST, balance sheet and ratings. I would like to wish George much-continued success in his future endeavours.”
Cordioli joins Zurich from Swiss Re, where she held multiple roles across finance and business over the past two decades.
Most recently, she served as Group Finance Director overseeing core finance functions as well as the Group’s transition to IFRS 17.
Between 2020 and 2022 she acted as CFO of the Reinsurance business unit. Before that, Cordioli was Head of Western & Southern Europe, leading Swiss Re’s reinsurance business in 15 countries.
Before Swiss Re, Cordioli also worked in several consulting firms, including KPMG. She is a Fellow of the Aspen Institute Finance Leaders Fellowship and a member of the Aspen Global Leadership Network.
George Quinn joined Zurich in 2014 as Group CFO and member of the Executive Committee.
Over the last 10 years, he was instrumental in transforming the financial standing of Zurich and supporting Mario Greco over the last 8 years in strengthening Zurich’s position as a leading insurer and one of the best-capitalized companies in the sector. Under his leadership, Zurich has delivered strong growth and superior shareholder returns, added the insurer.
