Zurich Insurance Group has announced that Kathleen Savio will serve as the Zurich North America's next CEO, effective January 1, 2018.

She succeeds Mike Foley, who is retiring after a decade as Zurich North America's CEO.

Savio currently serves as president of North America's alternative markets unit, which she has maintained since 2012. Over the past year, Savio has also overseen the integration of Rural Community Insurance Services, one of the largest crop insurance providers in the U.S.

Kathleen Savio

She has held a series of positions since she joined Zurich in 1991, including vice president corporate and marketing communications and vice president of strategic initiatives.

|

Transition

Savio (pictured at right) will join Zurich's executive committee October 1, 2017, as Zurich North America CEO-Designate, and will work closely with Foley during the transition.

“Mike transformed our U.S. businesses through a series of underwriting, operational and technology initiatives, and leaves behind a proud legacy of accomplishment,” said Group CEO Mario Greco, adding, “Kathleen is precisely the type of new-thinking people-focused business leader we need to lead our North America operations in this next phase. She understands what it takes to grow a successful insurance business, has direct experience with various business models, and drives and unrelenting performance culture among her teams.”

Related:

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Denny Jacob

Denny Jacob is an associate editor for NU PropertyCasualty360. Contact him at [email protected].

Personal Lines
Coverage & Policy Issues
Agency Management
Commercial Lines
Personal Lines
E&S/Specialty