Kristof Terryn News

Don’t Count Out Insurtech Disrupters, Carrier CEOs Say

Insurtechs bent on disrupting the insurance industry haven’t succeeded so far, but a future wave of insurtechs might emerge to accomplish a similar goal, carrier executives said recently. Speaking at the 38th Annual S&P Insurance Conference in June, Jack Roche, …

Zurich North America Doubles Down on Apprenticeship Program

Zurich North America announced it will significantly expand the Zurich Apprenticeship Program, doubling the number of participants in 2022. CEO Kristof Terryn said the insurer plans to hire approximately 70 apprentices in at least nine cities where the insurance provider …

IICF Midwest Celebrates Tenth Anniversary with Blazing the Trail Benefit

CEO panel headlines virtual benefit to support regional nonprofits and communities in need CHICAGO, IL (Feb. 16, 2021) – The Midwest Division of the Insurance Industry Charitable Foundation (IICF), a unique nonprofit organization dedicated to helping communities and enriching lives, …

Changes at Zurich: New Digital Team; New CEOs for Asia Pacific, North America, Latin America

Zurich Insurance Group is launching a new unit to expand digital services platform worldwide. The company has also appointed several new chief executive officers for key regions. The new Global Business Platforms unit will be headed by current Asia Pacific …

Zurich’s New CEO Greco Reorganizes Company, Simplifying Structure

Zurich Insurance AG’s new chief executive officer, Mario Greco, is shaking up the largest Swiss insurer after an unexpected jump in claims last year forced it to abandon a takeover and prompted his predecessor’s exit. Zurich is merging its biggest …

Zurich Insurance Plans to Sell South Africa & Morocco Units: Sources

Zurich Insurance Group AG has started a process to sell its units in South Africa and Morocco as it works toward turning around its money-losing insurance operations, according to people familiar with the matter. Zurich is working with financial advisers …

Zurich Names Generali’s Greco as CEO, with Task of Driving Turnaround

Zurich Insurance Group AG hired Assicurazioni Generali SpA’s Mario Greco as chief executive officer, giving him the task of turning around the company, after losses in its general insurance business forced the Swiss insurer to abandon a takeover bid. Greco, …

Zurich to Cut 440 Jobs at U.K. P&C Insurance Unit as Part of Cost-Cutting Program

Zurich Insurance Group AG plans to cut 440 jobs at its U.K. general insurance unit as part of a cost- cutting program. Zurich is also seeking to simplify its organizational structure, the company said in a statement to Bloomberg News …

Zurich Abandons $8.7B Takeover of RSA After Forecasting Losses in P/C Business

Zurich Insurance Group AG abandoned its proposed 5.6 billion pound ($8.7 billion) bid for British insurer RSA Insurance Group PLC on Monday after forecasting a $200 million loss in its general insurance business due to explosions at the Chinese port …

Zurich Names Terryn General Insurance CEO, as Kerner Steps Down

Zurich Insurance Group announced that Kristof Terryn, currently CEO of Global Life, will take over as CEO of General Insurance, effective October 1, 2015. He replaces Mike Kerner, who is stepping down for personal reasons and will be leaving the …