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World Insurance Report

Zurich launches new commercial lines unit

North America

Zurich North America is to create a new commercial lines unit which, it says, will address the needs of companies that fall between the traditional small commercial and middle markets business segments. Mike Foley, chief executive of Zurich North America Commercial, explains that these customers either require a broader range of products and services or have risk characteristics that are not fully served through the ‘fast flow’ underwriting model in which they are frequently placed. These customers, he said, could be better served through an improved operating model. Zurich has appointed Vincent C. Tizzio as president of this new unit. Mr Tizzio previously served as president of AIG’s small business division.

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