Zurich Insurance Group (Zurich) has appointed Timothy Powell as Global Head Financial Lines and Cyber, a newly created role that combines lines of business and simplifies the group’s offering.
Powell’s position will take place at the end of this month where he will report to Ralph Brand, Global Head of Casualty, Financial Lines and Cyber.
He will be based in Switzerland and work closely with Zurich’s country offices to utilise his 30 years’ of experience through providing product expertise and counsel.
His area of responsibility includes professional indemnity, directors and officers liability, mergers & acquisition, financial institutions, employers liability and cyber insurance.
Powell joins Zurich from AXA XL, where he most recently served as Chief Underwriting Officer for International Financial Lines. Throughout his career, he has worked with brokers and teams of underwriters in Australia, Asia, the UK and continental Europe.
Brand commented: “I am delighted to welcome Timothy to the team. His very strong underwriting background and his long experience of leading international teams make him an ideal fit for this role.
“I have every confidence that he will help us leverage the combined expertise and resources of financial lines and cyber to enhance underwriting services to our customers.”