View more on these topics

Zurich Life to name new UK CEO as Shaughnessy takes global role

Zurich-building-2012-700.jpg

Zurich Life UK chief executive Gary Shaughnessy is to take on a new role as the insurer’s global life chief executive.

Shaughnessy replaces Kristof Terryn who was appointed chief executive of general insurance in October.

He will take the position from 4 January.

The appointment means the insurer is seeking a new leader for its UK Life business.

A spokesman says an announcement will be made shortly.

Shaughnessy has led the UK life operation since June 2012, and took on the additional role of UK country head for Zurich in 2014.

He is also a board member of the Association of British Insurers, where he chairs the protection committee.

Zurich interim chief executive Tom De Swaan says: “Gary steps up to his new role having made a significant contribution across our UK business.

“He is a great leader with a wealth of industry experience which makes him perfectly suited for the role. The appointment demonstrates the strength of our internal talent pipeline.”

Shaughnessy was previously Fidelity’s UK defined contribution and retail managing director. He has also led Prudential Group as UK managing director for retail life and pensions, and M&G investments, where he was chief executive of UK retail.

Recommended

Zurich-Building-700x450.jpg
1

Zurich confirms non-advised drawdown launch

Zurich will launch a non-advised drawdown product for its workplace saving customers this month. In July, Money Marketing revealed the insurer was preparing to allow over 200,000 members of the occupational schemes it operates to enter a new drawdown product without an adviser. Savers will have to have at least £30,000 to invest in the […]

Boardroom-Hire-Hiring-Appointment-General-700x450.jpg

SimplyBiz hires ex-Zurich boss

SimplyBiz has named former Zurich director David Etherington as a non-executive director. Etherington held a number of roles within Zurich, including four years as chief growth officer. He has also held senior management roles at Natwest and UnumProvident. Etherington leftthe insurer in 2012 after a restructure made his role redundant. SimplyBiz Group chair Ken Davy says: […]

Business-Handshake-Finance-Deal-700.jpg

Zurich and Curtis Banks agree multi-million pound Sipp deal

Curtis Banks has clinched a multi-million pound deal to administer Zurich’s Sipp business. The contract is for a minimum term of 10 years, with Curtis Banks receiving £1.25m in each of the first two years alongside an additional payment of £750,000 during the first year of the contract to cover transition costs. Curtis Banks will […]

Zurich-Building-700x450.jpg
1

Zurich looks to cut admin and support roles

Zurich UK Life is looking to cut administration and support roles as part of a restructure of its retail sales team. The provider says it anticipates reducing the number of roles by 29 and has entered a consultation period with those affected. Zurich says it also plans to “streamline” some of its management functions with […]

Large-cap growth alpha thesis: seeking risk-adjusted excess returns

Content supplied by Loomis, Sayles & Company — an affiliate of Natixis Global Asset Management For mutual fund investors and managers of large pensions or endowments, a major challenge is to identify those portfolio managers who are most likely to deliver superior risk-adjusted returns in the future. Understanding how an investment philosophy informs a manager’s decision […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment