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Zurich moves fast to bring in Churchill

Zurich Financial Services is replacing departed UK life insurance chief executive Ray Greenshields with Unum Provident&#39s UK chairman and managing director Lawrence Churchill.

Churchill was chairman of the Industry Standards Group until this year. He will be joining Zurich on December 1.

Greenshields abruptly quit Zurich in October after less than two years in the job.

Churchill has been at Unum Provident for four years and previously spent seven years as chief executive of NatWest Life and chairman of the bank&#39s unit trust division.

He has 19 years experience in financial services. He began his career with Hambro Life in 1973, remaining with the firm, rebranded in 1985 as Allied Dunbar, until 1991.

Churchill also served on the board of the ABI from 1996 to 1998 and on the PIA board from 1994 to 1997. He is currently a non-executive director of the Financial Ombudsman Service.

At Zurich, Churchill will report to UK, Ireland, South Africa and Asia/ Pacific chief executive Sandy Leitch. Churchill will have responsibility for UK life insurance and the Irish and international life businesses.

Leitch says: “I know Lawrence will provide the strong leadership required to take full advantage of the excellent opportunities, both in the UK and in the Irish and international markets.”

Churchill says: “The UK financial services industry is undergoing massive change and this, in itself, presents exciting opportunities.”

Wentworth Rose chief executive Philip Rose says: “It is impressive to see Zurich grasp the nettle. Since they ran into difficulties and withdrew the bank, they have shown a willingness to act by appointing someone with such lengthy experience.”

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