Stanley Zax, president and CEO of Woodland Hills, Calif.-based Zenith National Insurance Corp., will be retiring, and COO Jack Miller will take over, it was announced on Tuesday.
Zenith, a wholly-owned subsidiary of Toronto, Can.-based Fairfax Financial Holdings Ltd., said Zax’ retirement takes effect Jan. 1.
Zax, 74, has been CEO of Zenith since 1977, developing Zenith from a small market insurer into a national workers’ compensation specialist. Zax will continue as Zenith’s chairman and will chair the Fairfax Advisory Board.
Miller, executive vice president and the COO of Zenith and the president of its operating insurance subsidiary, becomes president and CEO of Zenith on the day Zax retires.
Fairfax Financial Holdings Limited is a financial services holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and investment management.
Topics Leadership
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