Zurich Insurance Group has appointed Mario Greco to the role of chief executive officer effective May 1, 2016. He will succeed Tom de Swaan, who has held the role on an interim basis since Martin Senn stepped down in December 2015.
“We are delighted to welcome Mario Greco to Zurich after his successful tenure as CEO of Generali,” said Mr. de Swaan, the chairman of Zurich's board of directors and chief executive officer a.i. “Mario offers the rare combination of entrepreneurial spirit, deep industry knowledge, and proven CEO experience that anchored our search for Zurich's next leader. His intimate understanding of our company and our industry and his track record as a leader make him a unique candidate for the role.”
Mr. Greco has served as CEO of Generali since 2012, where he spearheaded a three-year turn around program to boost profitability and strengthen the Italian insurer's balance sheet. Before that, he worked with Zurich. He joined Zurich in October 2007 as the designated CEO of global life and a member of the group executive committee and was appointed CEO global life in April 2008. In 2010 he was appointed CEO general insurance, a role he held until 2012. His original appointment to Zurich followed a career in the European insurance markets, including as CEO of RAS (Allianz Group) in Milan.
“I am honored to be asked to join Zurich at this critical juncture for the insurance industry,” remarked Mr. Greco. “Like many global players, the company has faced market challenges in recent times but I know that Zurich's strong global franchise, the breadth of talent, and the powerful brand provide all of the ingredients for our future success.”
Learn more: https://www.zurich.com/.
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].