View more on these topics

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.”


Coomber is choice as Swiss Re chief

Swiss Re has appointed John Coomber as group chief executive. Coomber, who is head of Swiss Re&#39s London-based Life & Health Business Group, is taking over from Walter Kielholz, who becomes vice-president of the board. Chief financial officer John Fitzpatrick succeeds Coomber as head of life and health in the UK.

Cofunds&#39 loss doubles to £34m on £0.6m turnover

The extent of the problems facing fund supermarket Cofunds became clear last week after it published a financial statement showing an operating loss of £34.6m in 2001. The financial statement was filed at Companies House in London on Friday. The loss by Cofunds, which is owned by M&G, Jupiter, Threadneedle and Gartmore, is almost double […]

Cornerstone VCT with Matrix

Matrix Money Management – Cornerstone VCT Aim: Income by investing initially in gilts, fixed interest securities and cash then small income-generating companies Minimum investment: Lump sum £2,500 Opening-closing date: September 17, 2002-May 30, 2003 Charges: Initial 5.5%, annual 2% Commission: Initial 2.25%, annual 0.375% Tel: 020 7292 0825 Broker Panel: Douglas Croft, partner, Andrews Gwynne […]

Website watches Equitable

Specialist pension law firm Clarke Wilmott & Clarke has created an independent website to update Equitable Life clients. The site ( has been created by Robert Morfee, who leads the Equitable case team at the firm. CW&C claims Equitable&#39s compromise scheme to dispose of any outstanding misselling claims is “inherently flawed and unworkable.” It says […]

Derek Stuart: where to find value in the UK?

Derek discusses a number of Œself-help stories as examples of where he is finding good opportunities in the UK With the FTSE trading at historically high levels, many investors have questioned whether UK equities continue to offer value. But, as Derek points out, the headline figures mask many opportunities at a sector level. He has […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm