4 February 2021Insurance

Zurich reveals new EMEA chief underwriting officer

Zurich Insurance Group has appointed Penny Seach as chief underwriting officer (CUO) for Europe, Middle East and Africa (EMEA), effective from March.

Based in Zurich, Switzerland, Seach will oversee all facets of the underwriting function in the region and ensure alignment with the group’s global strategy and governance.

Additionally, she will focus on driving certain underwriting initiatives, such as policy wording updates and the rollout of new platforms as well as enhanced data and analytics tools for Zurich’s underwriting community, working closely with the countries’ local teams. She will report to Sierra Signorelli, group CUO, and Alison Martin, CEO of EMEA and bank distribution.

Seach has more than 25 years of insurance industry experienced with various multinational insurance companies, leading large diverse teams across geographies and disciplines. She joined Zurich in 2017 and most recently served as CEO of general insurance, Zurich Hong Kong.

Signorelli said: “EMEA is a critical region for our business and to Zurich’s overall success, and I am very pleased to welcome Penny to the team. She is a passionate leader and brings extensive operational and business line experience to the role. I am confident that she will be a strong partner to the local underwriting teams while helping us further develop and implement our strategy and deliver the best solutions for our customers’ individual needs.”

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4 March 2021   James Shea is leaving Zurich to pursue opportunities outside the company.
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18 February 2021   The current CEO will move to the role of strategic advisor to the EMEA leadership team.
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5 January 2021   The appointee succeeds Stephen Clark who will remain as executive director of the company.