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 company at the end of this year. Kristof Terryn will continue to run the Global Life business until a replacement is announced.

Kristof Terryn has been CEO of Global Life since August 2013, and a member of Zurich’s Group Executive Committee since his appointment to his previous position as Group Head of Operations in 2010. He has held a number of senior executive positions, including COO for the General Insurance business and, before that, COO of Global Corporate. Prior to joining Zurich in 2004, he had a successful career in the financial services industry, initially in banking where he worked in capital markets, and later with McKinsey & Company’s financial services practice in Brussels and Chicago.

“Kristof Terryn has an impressive track-record as a leader. Under his management, our Group Operations team delivered significant improvements and efficiencies and, as our recent results demonstrate, Global Life continues to execute against its strategy and meet its targets. We are very fortunate to have somebody with his expertise, deep industry knowledge and senior leadership experience to take over General Insurance,” said Martin Senn, Zurich’s Chief Executive Officer.