The name change will take place in mid-January, says Zurich head of Real estate insurance Kevin Simmons.
Simmons says the team’s current name has become a “narrow” definition of its full target market, which encompasses property owners, investors, managing agents, property developers, architects, surveyors and risk managers.
He says: “Outside of the UK Zurich already uses the Real Estate brand to describe this broad sector, so we will now be better aligned with our European and global colleagues.”
As part of Zurich’s western Europe strategy for real estate business, dedicated teams are being created across Europe.
Zurich has also appointed manager for regions Alan Thorpe to a new Real Estate trading manager role.
Going forward, Simmons says: “We are reorganising the London market team and our overall management structure. In London we will be handling less complex and ‘small ticket’ work more effectively and efficiently through the creation of a new market underwriting and servicing team.”