The UK arm of global insurer Zurich has announced the appointment of Tim Bailey as Chief Executive Officer (CEO), succeeding Tulsi Naidu as she transitions to CEO of APAC for the Group.
Bailey currently serves as Zurich’s Chief Operating Officer (COO) for EMEA, and his appointment as UK CEO remains subject to regulatory approval.
He has more than two decades of insurance industry experience and has held numerous key roles across Zurich. This includes serving as CEO of Life and Investments (Australia), Chief Risk Officer and Head of Strategy for the Global Life business.
Commenting on his new role, Bailey said: “I’m delighted to be taking on the role of UK CEO from 1 January and to be re-joining the UK business, where I started my career in insurance over 20 years ago. I’ve had the pleasure of working closely with the UK team for the last year as EMEA COO and seen the tremendous progress that has been made under Tulsi’s leadership.
“I’m looking forward to joining such a talented leadership team, responding to the rapidly-changing environment and continuing to deliver great service to our UK customers and distribution partners.”
He takes over from Naidu after she served in the role for the past four years. Zurich announced yesterday a series of leadership changes, including the appointment of Naidu as CEO for the APAC region.
“I am honoured to be asked to take on the role of CEO of APAC and I’m really looking forward to this next challenge which represents a significant growth opportunity for the Group. I have loved my time working with the UK team and the progress we have made in this key market for the Group,” said Naidu. “I have every confidence the business will maintain its strong momentum moving forwards and I see a very bright future ahead. The business is in great shape and well poised for the next chapter.
“I couldn’t leave the UK business in safer hands. Tim has two decades of extensive global experience across the Zurich Group and I am really confident he will provide the leadership to take the business forward on the next stage of its journey.”